Redundancy Payments Act 1967
Payment of lump sum by employer.
19.— (1) Upon the dismissal by reason of redundancy of an employee who is entitled under this Part to redundancy payment, F48 [ or where by virtue of section 12 an employee becomes entitled to redundancy payment ], his employer shall pay to him an amount which is referred to in this Act as the lump sum.
(2) Schedule 3 shall apply in relation to the lump sum.
(3) The Minister may by order amend Schedule 3.
Substituted (1.09.1971) by Redundancy Payments Act 1971 (20/1971), s. 19(1) and sch., S.I. No. 230 of 1971.
Exemption from income tax on lump sums paid under section excluded in certain circumstances (8.05.2007) by Protection of Employment (Exceptional Collective Redundancies and Related Matters) Act 2007 (27/2007), s. 9(2), commenced on enactment.
Previous affecting provision: power pursuant to section exercised (1.04.1974) by Redundancy Payments (Weekly Payments and Lump Sum) Order 1974 (S.I. No. 82 of 1974); revoked (6.04.1979) by Redundancy Payments Act 1979 (7/1979), s. 4(4)(a), S.I. No. 95 of 1979.