S.I. No. 104/1982 -- Redundancy Payments (Lump Sum) Regulations, 1982.
S.I. No. 104/1982: REDUNDANCY PAYMENTS (LUMP SUM) REGULATIONS, 1982. |
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REDUNDANCY PAYMENTS (LUMP SUM) REGULATIONS, 1982. |
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I, GENE FITZGERALD, Minister for Labour, in exercise of the power conferred on me by section 4 (2) (a) of the Redundancy Payments Act, 1979 (No. 7 of 1979), with the consent of the Minister for Finance, and having taken into account the matters referred to in section 4 (3) of that Act, hereby make the following Regulations: |
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1. These Regulations may be cited as the Redundancy Payments (Lump Sum) Regulations, 1982, and shall come into operation on the 1st day of May, 1982. |
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2. In these Regulations "the Regulations of 1981" means the Redundancy Payments (Lump Sum) Regulations, 1981 ( S.I. No. 191 of 1981 ). |
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3. The amount referred to in paragraph 2 of Schedule 3 of the Redundancy Payments Act, 1967 (No. 21 of 1967) (inserted by section 4 (1) of the Redundancy Payments Act, 1979 (No. 7 of 1979), and varied by the Regulations of 1981), is hereby varied by the substitution of "£9,500" for "£8,500". |
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4. The Regulations of 1981 are hereby revoked. |
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GIVEN under my Official Seal this 16th day of April, 1982. |
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GENE FITZGERALD, |
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Minister for Labour. |
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The Minister for Finance hereby consents to the making of the foregoing Regulations. |
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GIVEN under the Official Seal of the Minister for Finance, this 16th day of April, 1982. |
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RAY MacSHARRY, |
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Minister for Finance. |
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EXPLANATORY NOTE. |
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The purpose of these Regulations is to raise the ceiling on annual reckonable earnings to be taken into account in the calculation of a redundancy lump sum payment from £8,500 to £9,500, from 1st May, 1982. Workers who are made redundant on or after that date whose annual earnings are in excess of £8,500 will benefit. |
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