Regulation 4 Computation of compensation
An employing authority may, within 6 months after the material date, determine to pay compensation under these Regulations to a person to whom this Part applies.
The compensation payable in respect of such a person under this Part shall not exceed the lesser of—
a sum equivalent to 66 weeks' remuneration; and
the relevant aggregate sum referred to in paragraph (3) or (4) below.
In the case of cessation of employment before the age of 23, the relevant aggregate sum shall be—
a sum equivalent to one half week’s remuneration for each complete year of reckonable service on or after the attainment of age 18; and
where such cessation is on or after the attainment of age 20, a sum equivalent to one half week’s remuneration for each complete year of reckonable service on or after the attainment of age 20.
In the case of cessation of employment on or after the attainment of age 23, the relevant aggregate sum shall be—
a sum equivalent to two weeks' remuneration for each complete year of reckonable service on or after the attainment of age 18; and
where such cessation is on or after the attainment of age 41, a sum equivalent to three week’s remuneration for each complete year of reckonable service on or after the attainment of age 41.
From the compensation payable under these Regulations to a person to whom this Part applies there shall be deducted an amount equivalent to any redundancy payment made to that person.