asked the Minister for Labour the estimated net cost over and above the existing redundancy payments scheme of (a) relating the lump-sum to twice weekly pay under age 41, (b) relating the lump-sum to twice weekly pay over age 41 and (c) relating the lump-sum to 1½ weekly pay over age 41 (with a lump-sum limit in each case of 30 weeks).
Written Answer. - Redundancy Payments.
98.
The estimated annual costs (including employers' costs) of implementing the three proposals referred to by the Deputy are as follows:—
(a) £700,000;
(b) £420,000;
(c) £280,000.
About 60 per cent of each amount would be borne by the redundancy fund. These estimates do not take into account additional costs which would arise in respect of additional workers who will become eligible for redundancy payments as a result of the changes in conditions as to eligibility provided in the Redundancy Payments Bill, 1970. The estimates are based on the assumption that experience as to the numbers of redundancies, proportion of men and women, rates of pay, et cetera, will be substantially similar to the current situation.