Redundancy Payments Act 1979

Provisions relating to lump sum under Principal Act, and consequential provisions.

4

4.—(1) Schedule 3 of the Principal Act (as amended by the Act of 1971), which relates to the amount of the lump sum under the Principal Act, is amended by the insertion of the following paragraph after paragraph 1:

“2. In calculating the amount of the lump sum any part of an employee's earnings per annum in excess of £5,000 shall be disregarded.”.

(2) The Minister may by regulations made with the consent of the Minister for Finance—

(a) vary the amount of £5,000 referred to in paragraph 2 of Schedule 3 of the Principal Act (inserted by this section), and

(b) alter the method of calculation of a lump sum under the Principal Act.

(3) When making regulations under subsection (2) of this section, the Minister shall take into account any changes in the average earnings of workers in the transportable goods industries as recorded by the Central Statistics Office since the date by reference to which the sum specified in subsection (1) of this section was last determined.

(4) (a) Subject to paragraph (b) of this subsection, the Redundancy Payments (Weekly Payments and Lump Sum) Order, 1974 (S.I. No. 82 of 1974), and the Redundancy Payments (Weekly Payments) Order, 1976 (S.I. No. 126 of 1976), shall cease to have effect from the commencement of this section.

(b) Notwithstanding paragraph (a) of this subsection but subject to section 8 of this Act, an employee who at the commencement of this section is in receipt of weekly payments shall continue to receive such payments as if that paragraph were not enacted.

Annotations

Editorial Notes:

E5

Previous affecting provision: power pursuant to subs. (2)(a) exercised (1.01.2005) by Redundancy Payments (Lump Sum) Regulations 2004 (S.I. No. 695 of 2004); Redundancy Payments Act 1967, sch. 3, para. 2 later substituted (10.04.2005) by Redundancy Payments Act 2003 (14/2003), s. 11, S.I. No. 77 of 2005.

E6

Previous affecting provision: power pursuant to section exercised (1.04.2001) by Redundancy Payments (Lump Sum) Regulations 2001 (S.I. No. 41 of 2001); superseded as per E-note above .

E7

Power pursuant to section exercised (1.05.1994) by Redundancy Payments (Lump Sum) Regulations 1994 (S.I. No. 64 of 1994); superseded as per E-note above.

E8

Power pursuant to section exercised (1.02.1990) by Redundancy Payments (Lump Sum) Regulations 1990 (S.I. No. 18 of 1990); superseded as per E-note above.

E9

Power pursuant to section exercised (1.05.1983) by Redundancy Payments (Lump Sum) Regulations 1983 (S.I. No. 108 of 1983); superseded as per E-note above.

E10

Power pursuant to section exercised (1.05.1982) by Redundancy Payments (Lump Sum) Regulations 1982 (S.I. No. 104 of 1982); superseded as per E-note above.

E11

Power pursuant to section exercised (1.06.1981) by Redundancy Payments (Lump Sum) Regulations 1981 (S.I. No. 191 of 1981); superseded as per E-note above.