asked the Minister for Labour how many workers have become eligible for redundancy compensation in the first and second halves of 1968 and in the first half of 1969; and how these numbers and the resultant cost in redundancy compensation compare with the estimate made by his Department at the time when the scheme was introduced.
Ceisteanna — Questions. Oral Answers. - Redundancy Compensation.
The numbers of notices of dismissal issued to workers under the Redundancy Payments Act, 1967, were 2,075 in the first half of 1968, 1,788 in the second half of 1968 and 2,056 for the first half of 1969. Because of the imponderables involved, it was not possible to make any precise estimates of the numbers likely to be involved or of the likely cost before the redundancy payments scheme was introduced.
May I ask the Minister how, in that event, the payment for the scheme was calculated? Is the payment made by the workers in relation to the scheme sufficient to cover the cost of the scheme as it operates? Does the cost consist of the amount of revenue coming in from that source?
The amount of money available in the fund is more than sufficient to meet the running of the scheme, as of now.