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INC
INC, Solicitor-Advocate
Category: UK Law
Satisfied Customers: 11614
Experience:  LL.B, Pg.Dip, LL.M, M.B.A (Pending), Solicitor-Advocate. UK Practising Certificate issued by SRA., DIFC Courts Registered (Dubai)
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Is an employee aged over 65 entitled to redundancy pay

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Is an employee aged over 65 entitled to redundancy pay?

Hi,

 

In short, yes they are. THe rules for payments are as follows:

  • 0.5 week's pay for each full year of service where age during year less than 22
  • 1.0 week's pay for each full year of service where age during year is 22 or above, but less than 41
  • 1.5 weeks' pay for each full year of service where age during year is 41+

The new age discrimination laws remove the upper and lower age limits on statutory redundancy payments, so you should at least receive the statutory minimum. If the employer provides more generous redundancy terms then you would be entitled to that, either through your contract or your right not to be less favourably treated because of your age. It is worth noting that an employer can force any employee over the age of 65 to retire by giving six months' notice.

 

I hope this helps. If you wish to discuss, kindly click accept and continue to ask further questions.

 

Kind regards,

 

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