S.I. No. 94/1981 - Redundancy Payments (Variation of Employer's Redundancy Contribution) Regulations, 1981.

S.I. No. 94 of 1981.

REDUNDANCY PAYMENTS (VARIATION OF EMPLOYER'S REDUNDANCY CONTRIBUTION) REGULATIONS, 1981.

I, TOM NOLAN, Minister for Labour, in exercise of the power conferred on me by section 28 (3) of the Redundancy Payments Act, 1967 (No. 21 of 1967) (inserted by the Redundancy Payments Act, 1979 (No. 7 of 1979)) with the consent of the Minister for Finance, hereby make the following Regulations:

1. (1) These Regulations may be cited as the Redundancy Payments (Variation of Employer's Redundancy Contribution) Regulations, 1981.

(2) These Regulations shall come into operation on the 6th day of April, 1981, and shall cease to have effect after the 5th day of April, 1982.

2. The rate of employer's redundancy contribution specified in section 28 (1) of the Redundancy Payments Act, 1967 (No. 21 of 1967) (inserted by the Redundancy Payments Act, 1979 (No. 7 of 1979)), is hereby varied to a rate of 0.2 per cent of the amount of the reckonable earnings referred to in section 28 (1).

GIVEN under my Official Seal this 6th day of March, 1981.

TOM NOLAN,

Minister for Labour.

The Minister for Finance hereby consents to the foregoing Regulations.

GIVEN under the Official Seal of the Minister for Finance,

this 11th day of March, 1981.

GENE FITZGERALD,

Minister for Finance.

EXPLANATORY NOTE.

The purpose of these Regulations is to change the rate of the contribution payable by employers under the Redundancy Payments Acts 1967 to 1979 from 0.5 per cent to 0.2 per cent of the reckonable earnings of each worker covered by those Acts for the period of one year commencing on 6th April, 1981.