Redundancy

[PatriciaH]

Getting paid redundancy off my firm - i havent been told how much yet till boss comes tommorrow...thing is what am i entitled to ?

[redcrx]

i think that after 2 years employment its a m onths wages for every full year worked.

dont forget any holiday you may be owed.

[mccfluff]

stat is a weeks wage for every year worked, plus any holidays and noticed owed but some firms may choose to give more than this

[LoftyLottie]

It also depends on age.

This will help

http://www.pearsystems.com/redcal200611.htm

[LoftyLottie]

I don't think there is now an upper age limit. So if you work until you are 90 you can now count all the additional years in the calculation. At one time the years over 65 didn't count.

[aka pixi]

I got made redundant about 4/ 5 years ago. I think was entitled to �285.00 for every month I had worked there (this was the upper limit then but may have changed now though) I also got a months holiday pay(this must have been a bonus as I didnt have any holidays left) and another bonus payment (cant remember the name of it) something to do with an enhanced payment

If you go here I think you can work out how much you should get http://www.direct.gov.uk/en/Employment/Employe es/RedundancyAndLeavingYourJob/DG_10029836

[aka pixi]

oops I meant every year not every month. Wow I would have been mega rich if it had been the way I said lol

[annie0000]

Does your employer have a specific policy regarding redundancy - you should have access to a staff handbook or intranet site that should lay out redundancy terms. Yes, there is statutory redundancy, but many employers will enhance this with a scheme that will be based on age or service or most likely a combination of both.

If i were you, I would try to dig out your employment contract, staff hadbook etc or speak to a union rep. Sorry, I have no idea of the size of organisation you work for, so these suggestions might be over the top if it is only you and your boss in the whole company!