Bill · started in the Commons
Statutory Redundancy Pay (Amendment) Bill
A Bill to provide for a mechanism for statutory redundancy pay which links it to average weekly earnings; and for connected purposes
In progress
Current stage: Money resolution (Commons)
The story so farThe Statutory Redundancy Pay (Amendment) Bill was introduced in the House of Commons on 21 January 2009 by Mr Lindsay Hoyle (Labour). It is now at the "Money resolution" stage in the House of Commons.
What the bill does
<p>The right of an employee to receive a one-off redundancy payment from their employer is well established, appearing in many individual contracts of employment. The Employment Rights Act 1996 entitles employees to a redundancy payment after they have been employed continuously with the same employer for two years. The payment is calculated with reference to how long the employment has lasted, the relevant age bracket into which the employee falls, and their weekly pay. The legislation places a ‘cap’ on the amount of a week’s pay to be used in the calculation. This cap is reviewed annually and if necessary uprated in line with the retail prices index. The Bill would oblige the Secretary of State to introduce regulations within a specific time frame that would establish a link between the annual uprating of the cap and average earnings.</p>
Progress through Parliament
- 1st reading Commons 21 Jan 2009
- 2nd reading Commons 13 Mar 2009
- Money resolution Commons 16 Jun 2009
Source: the official bill page. Last updated 21 Oct 2009.