The Redundancy Payments Scheme is administered by the Department of Social Protection. The purpose of the scheme, as set out in the Redundancy Payments Acts 1967 to 2013, is to compensate workers for the loss of their jobs by reason of redundancy in situations where their employer is unable to make a redundancy payment. Where the employer satisfies the Department that it is unable to pay, the statutory lump sum is paid in full to the employee from the Social Insurance Fund. In such cases, a debt is raised against the employer and the Department seeks full recovery of this debt.
When an application is made for payment from the Social Insurance Fund, the employer and employee must both sign a form to state that they have jointly agreed that a genuine redundancy situation exists, i.e. that the position no longer exists and that suitable appropriate alternative employment is not an option.
The table below provides the number of applications made for redundancy payments in counties Cavan and Monaghan under the Social Insurance Fund, in each of the past ten years.
Year
|
Cavan
|
Monaghan
|
2005
|
142
|
152
|
2006
|
136
|
152
|
2007
|
159
|
181
|
2008
|
423
|
682
|
2009
|
410
|
417
|
2010
|
738
|
568
|
2011
|
441
|
293
|
2012
|
478
|
376
|
2013
|
123
|
66
|
2014
|
57
|
44
|
2015
|
39
|
42
|