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Redundancy Payments Act, 1979

Financing of Redundancy Fund.

2.—Section 27 of the Principal Act is amended by the substitution of the following subsection for subsection (1):

“(1) For the purpose of providing moneys for making payments which under this Act are to be made out of the Redundancy Fund there shall be paid into the Fund—

(a) contributions by employers (in this Part referred to as ‘employers' redundancy contributions’), and

(b) advances as provided for in subsection (2).”.