法律英语词汇“redundancy payment”的翻译、意思、用法、释义-法律词典

单词

redundancy payment

释义

redundancy payment
The sum that an employee dismissed owing to redundancy is entitled to receive from his employer under the Employment Rights Act 1996. The sum is the total of:

1. one and a half weeks’ pay for each year of the employee’s continuous employment in which he was aged 41 or more;

2. one week’s pay for each year’s service between the ages of 22 and 41; and

3. half a week’s pay for each year below the age of 22.

The sliding scale based on age has been retained in spite of current laws on age discrimination, as the government believes that it is justifiable.

Continuous employment (or length of service) is capped at 20 years, and thus years after this period are ignored. A maximum amount of weekly pay to be used in the calculation is prescribed by regulations and reviewed annually. For 2021–2 the limit was £544 per week, with a maximum award of £16,320. Redundancy costs are met entirely by the employer. An employer may be obliged under a collective agreement or individual employees’ contracts of employment to pay sums in excess of the statutory requirement.

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