Statutory Redundancy Scheme: Who Qualifies and What You Get
Learn if you qualify for a lump sum redundancy payment and how the reimbursement process works for employers in Ireland.
This scheme provides a lump sum payment to employees who lose their jobs due to redundancy.
Who it's for
To qualify, you must have completed at least 104 weeks of continuous service with your employer.
What you get
You receive a lump sum payment. The total amount you receive depends on how many years you have worked for the company and your weekly pay.
What it costs you
The employer is responsible for paying the statutory amount to the employee first. However, the employer can then claim a rebate for this cost from the Social Insurance Fund.
The catch to know
The process for claiming the rebate is strictly time-bound. If you are an employer, you must ensure you do not miss the specific filing window for the claim.
How to apply
- Confirm you meet the continuous service requirement.
- Calculate the appropriate payment based on service length and pay.
- The employer pays the employee directly.
- The employer submits a claim to the Department of Social Protection to recover the costs.