Retrenchment Payments. Retrenched Employees shall be entitled to three (3) weeks pay on the basis of ordinary time earnings for each completed year of service with the Employer only and pro rata payments for any uncompleted final year up to a maximum of twenty-seven (27) weeks pay.
Retrenchment Payments. (a) Employees with more than three months service shall be paid retrenchment payments as follows:
(i) Three weeks’ pay per year of service (pro-rata for completed months) with no employee to receive less than a minimum of four weeks retrenchment pay on the actual day the termination is to take effect. This four-week minimum applies with respect to the sum of entitlements under this clause and clause 24.4 (c) only.
(ii) A week's pay shall mean an employee's ordinary time rate of pay applying at the time of receiving notice. This rate of pay shall exclude penalty payments and shift loadings.
(iii) The payments provided for in this clause shall not exceed a maximum of 104 weeks’ pay.
(iv) For example, an employee with 8.5 years’ service would be eligible for 25.5 weeks retrenchment / severance pay. 8 years x 3.0 weeks per year = 24 weeks
Retrenchment Payments. (a) An employee will be paid a lump sum severance payment in full and final settlement of all claims of additional notice, retrenchment pay or any other similar payment on termination. The retrenchment payments payable in accordance with this clause are in substitution for any severance payments that would otherwise be payable under the NES.
(b) The lump sum payment is based on an employee's continuous service and will be either $10,000 or the amount calculated on the basis of the table below, whichever is greater: 1 19.17 17.07 15.73 10.17 7 7 7 2 21.03 19.12 17.91 12.87 10 10 10 3 22.89 21.18 20.09 15.58 13 13 13 4 24.75 23.24 22.27 18.28 16 16 16 5 26.61 25.29 24.45 20.98 19 19 19 6 28.47 27.35 26.64 23.68 22 22 22 7 30.33 29.4 28.82 26.39 25 25 25 8 32.18 31.46 31 29.09 28 28 28 9 34.04 33.52 33.18 31.79 31 31 31 10 35.9 35.57 35.36 34.5 34 34 34 11 37.76 37.63 37.55 37.2 37 37 37 12 39.68 39.69 39.73 39.9 40 40 40 13 41.72 41.74 41.91 42.6 43 43 43 14 43.77 43.8 44.09 45.31 46 46 46 15 45.81 45.85 46.27 48.01 49 49 49 16 47.86 47.91 48.45 50.71 52 52 52 17 49.9 49.97 50.64 53.41 55 55 55 18 51.94 52.02 52.82 56.12 58 58 58 19 53.99 54.08 55 58.82 61 61 61 20 56.03 56.14 57.18 61.52 64 64 64 21 58.07 58.19 59.36 64.23 67 67 67 22 60.12 60.25 61.55 66.93 70 70 70 23 62.16 62.3 63.73 69.63 73 73 73 24 64.2 64.36 65.91 72.33 76 76 76 25 66.25 66.42 68.09 75.04 79 79 79 26 68.29 68.47 70.27 77.74 82 82 82 27 70.34 70.53 72.45 80.44 85 85 85 28 72.38 72.58 74.64 83.14 88 88 88 29 74.42 74.64 76.82 85.85 91 91 91 30 + 76.47 76.7 79 88.55 94 94▼ 94
(c) All new employees who commenced employment after 1 October 2006, regardless of what role they are performing and in what Level that role is classified, will in the event of retrenchment receive the appropriate payment in the 8th column above.
(d) A pro rata payment applies for each completed month in the final part year of continuous service.
(e) The maximum period of service recognised for calculating retrenchment payments for all employees (excluding those employees previously covered by the EDA) is thirty (30) years.
(f) Where an employee has a mix of part-time and full-time service or has worked different hours in a part-time role, the hours worked will be calculated on a proportionate basis to arrive at Full Time Equivalent service using a full time TRP.
(g) Prior to 1 January 2015, any reference to ‘Level’ in sub-clause 56.5 must be read as a reference to ‘Group’.
Retrenchment Payments. (a) Retrenched employees will be paid for continuous years of service at the rate of 3.5 weeks at the employees "actual rate of pay" for each year of service, and pro rata for completed months.
(b) Actual rate of pay" is defined as the total amount an employee would normally receive for performing 38 hours of ordinary work. Provided that such rate shall expressly exclude overtime, penalty rates, disability rates, shift allowances, special rates, fares and travelling time allowances, and any other ancillary payments of a like nature. It shall include any over award payment, tool allowance and leading hand allowance.
(c) Retrenchment benefits for permanent part-time employees will be calculated on a proportionate basis in line with their working arrangements at the time of the retrenchment.
(d) The company will comply with minimum retrenchment payments as outlined in the National Employment Standards (NES).
Retrenchment Payments. 4.1 Employees with more than 3 months’ continuous service shall be paid retrenchment payments as follows:
(a) 3 weeks’ pay for each year of service or part thereof. (For example, an Employee with 5.3 years of service would receive a payment equivalent to
Retrenchment Payments. Employees with more than 3 months service will be paid retrenchment payments as follows:
8.1. Three weeks pay for each year of service or part thereof (For example; an employee with 5.3 years of service would receive a payment equivalent to 5.3 x 3 weeks pay). Provided that the sum payment for an employee with up to one (1) year of service will be four weeks pay. Such 4-week minimum applies with respect to the sum of entitlements under this sub-clause and Clause 3.2 only.
8.2. An employee who is 45 years of age and has 20 or more years service with the company shall receive an additional week's pay for each year of service or part thereof.
8.3. A weeks pay will mean an employees award rate of pay, any over-award payments, any all purpose or weekly allowances, any enterprise bargain payments applying at the time of retrenchment. This rate of pay shall exclude penalty payments and, for rotating shifts, shift loading. For an employee who is on permanent afternoon or night shift the rate of pay shall be the rate for permanent afternoon or night shift.
8.4. The payment provided for in this clause shall not exceed a maximum of 104 weeks pay.
