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: 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
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 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. 16.6.1 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 theEmployer 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. (a) Any Employee made redundant shall receive, in addition to the period of notice, the following amount of pay based on the same definition of "week's pay" - meaning 40 hours by the Hourly Rate. Period of continuous service Severance pay 1 year or less 2 weeks 1 year but less than 2 years 3 Weeks 2 years but less than 3 years 6 Weeks 3 years but less than 4 years 9 Weeks 4 years but less than 5 years 12 Weeks 5 years but less than 6 years 15 Weeks 6 years but less than 7 years 18 Weeks Period of continuous service Severance pay 7 years but less than 8 years 21 Weeks 8 years but less than 9 years 24 Weeks 9 years but less than 10 years 27 Weeks 10 years and over 30 Weeks
(b) Employees made redundant will not be paid out any unused accumulated personal leave. Any Long service leave entitlements shall be paid out to Employees in accordance with the relevant state legislative requirements.
Amount of redundancy pay. (a) Voluntary redundancy
(i) 4 weeks’ notice or payment in lieu (if the Employee is over 45 years of age and has completed 2 years of continuous service, the notice is increased by 1 week); and
(ii) a payment equivalent to 2 weeks’ pay per year of service capped at 15 years’ service.
Amount of redundancy pay i. The amount of redundancy pay shall be three (3) weeks’ pay at the employee’s base rate of pay for his or her ordinary hours of work, per year of continuous service with DSI Underground on termination, up to a maximum of 60 weeks’ pay. Provided that an employee with at least one
(1) year of service but less than two (2) years’ service shall be paid four (4) weeks’ pay.
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.
