Dad being made redundent after 35 years, questions..

get_me_debt_free

Hi Guys,
Hope you can help, My dad has been told he will be made redundant in march 2010. he is 60.
he has been working for the firm for 35 years, what he is wanting to know is-

1. what are the rules is it a weeks pay for every year?
2. he has just got his personal pention will this effect his R Pay?

Thanks Guys
GMDF
x

kevandkeira

Hi,
I have just found this, hope it helps your dad.
http://www.berr.gov.uk/whatwedo/employment/employment-legislation/employment-guidance/page33157.html
It only calculates for a maximum of 20 years though, so not sure if it will have to be put through twice, ie one for 20 & one for 15 years or if its a case of the maximum payment is 20 years??

jackieblack

http://www.direct.gov.uk/en/Employment/RedundancyAndLeavingYourJob/Redundancy/DG_10026616


The calculation for your statutory redundancy pay is based on:

• how long you have been continuously employed
• your age
• your weekly pay, up to a certain limit (£380 current maximum)

You will get:

• 0.5 week’s pay for each full year of service where your age was under 22
• 1 week’s pay for each full year of service where your age was 22 or above, but under 41
• 1.5 week’s pay for each full year of service where your age was 41 or above

For example: If you are 45, your weekly pay is £380 per week and you have completed 15 years’ full service, you will receive £6,460 statutory redundancy pay.
Step one: 1.5 weeks x 4 years full service when you were 41 or above = 6 weeks
Step two: 1 week x 11 years service when you were under 41 = 11 weeks
Step three: 6 weeks + 11 weeks = 17 weeks x £380 (max weekly wage) = £6,460 statutory redundancy pay
The online calculator can help work out how much statutory redundancy pay you might be entitled to.

• Calculate your redundancy payout

N.B. Only full years of service are taken into account when calculating statutory redundancy entitlement
(up to a maximum of 20 years).
£380 is the current maximum weekly pay (before tax) when calculating tatutory redundancy entitlement.

get_me_debt_free

Thanks Guys xx great advise as always xx