Hello, my name is Vince ...
As 2010 storms out in a blizzard of snow and ice and 2011 lurks just behind Father Christmas, it’s time to write my valedictory message for the year. Ambassadors may no longer write their final thoughts on the country in which they have been living before jetting off because of wikileaks, but this blog has no such fears.
What of 2010? Were you paying attention? I wasn’t, not all of the time anyway, but when I was awake these were the issues that caught my eye.
Just as I was sitting down wondering what to write about this week The Independent, with superb timing, published a headline entitled “Redundant Workers to get bigger pay offs” . The report says that the Government has ordered a review of the payments made to workers on redundancy, known as statutory redundancy pay (SRP). This is currently fixed at £350 per week for workers aged between 22 and 41 and is deemed to be a full week’s pay. Workers over 41 when made redundant receive 1.5 times that figure. That weekly figure is then multiplied by the number of complete years’ service (up to a maximum of 20) that the employee has with that company. The employer pays the SRP to the employee, plus whatever notice monies they are due, unless the company has become insolvent in which case the state pays.