S.I. No. 108/1983 - Redundancy Payments (Lump Sum) Regulations, 1983.

S.I. No. 108 of 1983.

REDUNDANCY PAYMENTS (LUMP SUM) REGULATIONS, 1983.

I, LIAM KAVANAGH, 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, 1983, and shall come into operation on the 1st day of May, 1983.

2. In these Regulations "the Regulations of 1982" means the Redundancy Payments (Lump Sum) Regulations, 1982 ( S.I. No. 104 of 1982 ).

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 1982), is hereby varied by the substitution of "£11,000" for "£9,500".

4. The Regulations of 1982 are hereby revoked.

GIVEN under my Official Seal this 21st day of April, 1983.

LIAM KAVANAGH,

Minister for Labour.

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

GIVEN under the Official Seal, of the Minister of Finance, this

21st day of April, 1983.

ALAN M. DUKES,

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 statutory redundancy lump sum payment from £9,500 to £11,000 from 1st May, 1983. Eligible workers made redundant, whose dismissal takes effect on or after that date and whose annual earnings are in excess of £9,500, will benefit.

Copies of these Regulations may be purchased from the Government Publications Sale Office, Sun Alliance House, Molesworth Street, Dublin 2, price 13p plus postage.