redundancy payments

redundancy payments
Whilst an employer may offer more under the employment agreement or ex-gratia, the minimum statutory entitlement redundancy payments under the Employment Rights Act 1996 are as follows: - 0.5 of a week's pay per year of service between 18 and 21; - 1.0 of a week's pay per year of service between 22 and 40; - 1.5 of a week's pay per year of service between 41 and 64.

Easyform Glossary of Law Terms. — UK law terms.

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