S.I. No. 104/1982 - Redundancy Payments (Lump Sum) Regulations, 1982.

S.I. No. 104 of 1982.

REDUNDANCY PAYMENTS (LUMP SUM) REGULATIONS, 1982.

I, GENE FITZGERALD, Minister for Labour, in exercise of the power conferred on me by section 4 (2) (a) of the Redundancy Payments Act, 1979 (No. 7 of 1979), with the consent of the Minister for Finance, and having taken into account the matters referred to in section 4 (3) of that Act, hereby make the following Regulations:

1. These Regulations may be cited as the Redundancy Payments (Lump Sum) Regulations, 1982, and shall come into operation on the 1st day of May, 1982.

2. In these Regulations "the Regulations of 1981" means the Redundancy Payments (Lump Sum) Regulations, 1981 ( S.I. No. 191 of 1981 ).

3. The amount referred to in paragraph 2 of Schedule 3 of the Redundancy Payments Act, 1967 (No. 21 of 1967) (inserted by section 4 (1) of the Redundancy Payments Act, 1979 (No. 7 of 1979), and varied by the Regulations of 1981), is hereby varied by the substitution of "£9,500" for "£8,500".

4. The Regulations of 1981 are hereby revoked.

GIVEN under my Official Seal this 16th day of April, 1982.

GENE FITZGERALD,

Minister for Labour.

The Minister for Finance hereby consents to the making of the foregoing Regulations.

GIVEN under the Official Seal of the Minister for Finance, this 16thday of April, 1982.

RAY MacSHARRY,

Minister for Finance.

EXPLANATORY NOTE.

The purpose of these Regulations is to raise the ceiling on annual reckonable earnings to be taken into account in the calculation of a redundancy lump sum payment from £8,500 to £9,500, from 1st May, 1982. Workers who are made redundant on or after that date whose annual earnings are in excess of £8,500 will benefit.