The qualifying period for the right to statutory redundancy pay is two years.
Financial and business terms. 2012.
statutory redundancy payment — A statutory payment due to any employee with two years continuous employment who is made redundant. The amount of a statutory redundancy payment is calculated in the same way as the basic award, according to a formula based on the employee s age … Law dictionary
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 … Law dictionary
redundancy payment — noun A minimum statutory payment to be made to an employee who is made redundant, its amount based on age, pay, and length of service • • • Main Entry: ↑redundant … Useful english dictionary
List of Statutory Instruments of the United Kingdom, 1996 — This is a complete list of all 2071 Statutory Instruments published in the United Kingdom in the year 1996. NOTOC 1 100* Insurance Companies (Pension Business)(Transitional Provisions) (Amendment) Regulations 1996 S.I. 1996/1 * Sea Fishing… … Wikipedia
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List of Statutory Rules of Northern Ireland, 2002 — This is an incomplete list of Statutory Rules of Northern Ireland in 2002.1 100* Misuse of Drugs Regulations (Northern Ireland) 2002 S.R. 2002 No. 1 * General Dental Services (Amendment) Regulations (Northern Ireland) 2002 S.R. 2002 No. 2 *… … Wikipedia
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