Paragraph 2
England, Wales and Scotland
Subject to paragraphs 3 and 4, the amount of the redundancy payment shall be calculated by reference to the period specified in paragraph 1 by starting at the end of that period and reckoning backwards the number of years of employment falling within that period, and allowing—
one and a half weeks’ pay for each such year of employment F1in which the employee was not below the age of forty-one;
one week’s pay for each such year of employment (not falling within the preceding sub-paragraph) in which the employee was not below the age of twenty-two; and
half a week’s pay for each such year of employment not falling within either of the preceding sub-paragraphs.
Annotations
Textual amendments
- F1
Words repealed with saving by Employment Act 1982 (c. 46, SIF 43:5), s. 20, Sch. 2 para. 6(5), Sch. 4
Notes on the whole Act
Textual amendments
- F1
Words in long title substituted (1.8.1998) by 1998 c. 8, s. 1(2) (with s. 16(2); S.I. 1998/1658, art. 2, Sch. 1
Notes on Schedule 4
Textual amendments
- F1
Sch. 4 repealed (22.8.1996) by 1996 c. 18, ss. 242, 243, Sch. 3 Pt. I (with ss. 191-195, 202) and subject to an amendment to para. 5 (1.8.1998) by 1998 c. 8, s. 1(2) (with s. 16(2)); S.I. 1998/1658, art. 2, Sch. 1