asked the Minister for Labour in respect of the redundancy and employers' insolvency fund for 1985 and 1986, the estimated payments under several heads of expenditure (details supplied).
Written Answers. - Insolvency Fund.
172.
The information requested in respect of the Redundancy and Employers' Insolvency fund for 1985 and 1986, is set out in the table below.
Redundancy and Employers' Insolvency Fund
Payments made under the Protection of Employees (Employer's Insolvency) Act, 1984.
|
1985 |
1986 (Provisional) |
|
|
£ |
£ |
|
|
Arrears of wages (including E.R.O.S) |
641,187 |
676,842 |
|
Arrears of holiday pay |
853,699 |
1,160,231 |
|
Arrears of sick pay |
Nil |
1,227 |
|
Minimum Notice awards |
2,513,614 |
2,949,676 |
|
Equal Pay awards |
20,278 |
Nil |
|
Unfair Dismissals awards |
16,222 |
48,363 |
|
Unpaid Pension Contributions |
Nil |
169,890 |
|
Recommendations/ Determinations under Employment Equality Act, 1977 |
Nil |
Nil |
|
Court awards for Wrongful Dismissal |
Nil |
Nil |
|
Totals |
4,045,000 |
5,006,229 |
Payments made under the Redundancy Payments Acts, 1967 to 1984
|
1985 |
1986 (Provisional) |
|
|
£ |
£ |
|
|
Lump Sums |
6,550,713 |
5,834,764 |
|
Rebates |
16,843,096 |
16,199,697 |
|
Totals |
23,393,809 |
22,034,461 |
|
Total Payments |
27,438,809 |
27,040,690 |
Other Information Requested
|
1985 |
1986 |
|
|
£ |
£ |
|
|
Contribution income |
22,288,500 |
27,524,000 |
|
Investment income |
964,000 |
543,000 |
|
Balance in fund at end of year |
6,475,000 |
8,125,000 |
|
Rate of employer contribution (%) of PRSI |
0.5% |
0.6% |
|
Tribunal Costs (Only expenses incurred under the Redundancy Payments Acts paid from the Fund) |
58,707 |
116,986 |
|
Legal and Court Costs |
Not paid from the Fund |