Amount of redundancy pay. The amount of the redundancy pay equals the total amount payable to the employee for the redundancy pay period worked out using the following table at the employee's base rate of pay for his or her ordinary hours of work: Period of Continuous Service Severance Pay (weeks’ pay) Less than 1 year Nil At least 1 year but less than 2 years 4 weeks At least 2 years but less than 3 years 6 weeks At least 3 years but less than 4 years 7 weeks At least 4 years but less than 5 years 8 weeks At least 5 years but less than 6 years 10 weeks At least 6 years but less than 7 years 11 weeks At least 7 years but less than 8 years 13 weeks At least 8 years but less than 9 years 14 weeks 9 years or more 16 weeks
Amount of redundancy pay. Period of continuous service Redundancy pay At least one year but less than 2 years 4 weeks At least 2 years but less than 3 years 6 weeks At least 3 years but less than 4 years 7 weeks At least 4 years but less than 5 years 8 weeks At least 5 years but less than 6 years 10 weeks At least 6 years but less than 7 years 11 weeks At least 7 years but less than 8 years 13 weeks At least 8 years but less than 9 years 14 weeks At least 9 years but less than 10 years 16 weeks At least 10 years 12 weeks
Amount of redundancy pay. (a) Instead of the table provided in Section 119(2) of the Act, the amount of redundancy pay will be as follows: Redundancy pay scale Period of continuous service Team members under 45 Team members 45 and over Less than 1 year ‐ ‐ 1 year but less than 2 years 4 weeks’ 5 weeks’ 2 years but less than 3 years 7 weeks’ 8.75 weeks’ 3 years but less than 4 years 10 weeks’ 12.5 weeks’ 4 years but less than 5 years 12 weeks’ 15 weeks’ 5 years but less than 6 years 14 weeks’ 17.5 weeks’ 6 years and more 16 weeks’ 20 weeks’
Amount of redundancy pay. 13.6.1 The amount of the redundancy pay equals the total amount payable to the Employee for the redundancy pay period worked out using the following table at the Employee’s base rate of pay for his or her ordinary hours of work: Redundancy pay period Employee’s period of continuous service with the Employer on termination Redundancy pay period 1 At least 1 year but less than 2 years 4 weeks 2 At least 2 years but less than 3 years 6 weeks 3 At least 3 years but less than 4 years 7 weeks 4 At least 4 years but less than 5 years 8 weeks 5 At least 5 years but less than 6 years 10 weeks 6 At least 6 years but less than 7 years 11 weeks 7 At least 7 years but less than 8 years 13 weeks 8 At least 8 years but less than 9 years 14 weeks 9 At least 9 years but less than 10 years 16 weeks 10 At least 10 years 12 weeks
Amount of redundancy pay. “Week’s pay” for the purpose of termination and redundancy shall be calculated on the basis of the Employee’s Annualised Wage divided by 52.
Amount of redundancy pay. (a) Voluntary redundancy Where the Company offers the option of voluntary redundancy and accepts the Employee’s application for redundancy the Employee is entitled to the following:
