Regulation 14 Lump sum compensation

An employing body may, within 6 months after the date upon which these Regulations come into force, determine to pay compensation under these Regulations to a person to whom this Part applies.

Any compensation under this Part shall not exceed a sum calculated by reference to the following formula—

where—

• A is a person’s remuneration, and

• B is the amount of any redundancy payment paid to the person in respect of the cessation of his former employment.