http social insurance fund redundancy payment com Account Portal Instructions Help Guide

A wise man once told me that someone who really understands a problem can explain it to you in one sentence and make you fully understand. Whether in life or online, such friends and websites are not to be missed, otherwise you will regret it very much.
http social insurance fund redundancy payment com Account Portal Instructions Help Guide Verified link:http://www.mlsi.gov.cy/mlsi/sid/sidv2.nsf/page23_en/page23_en

How are statutory redundancy payments funded?

To support employers, where they are unable to meet their financial obligations in paying statutory redundancy to their employees, the State will fund statutory redundancy payments from the Social Insurance Fund on their behalf.

What happens if my employer is unable to pay my redundancy?

If your employer is unable to pay your statutory redundancy payment an application can be submitted to this department for payment to be made through the Redundancy Payments Scheme. To qualify for the Redundancy Payments Scheme the following conditions must be met:

What is the cap on redundancy payments?

The same cap applies to statutory redundancy payments (which, as of 2020, is two weeks’ pay per year of service, plus one week’s pay). The fund is financed by employers’ and employees’ contributions as well as through taxes. The guarantee of the fund is independent of the employer paying the contributions.

How do I contact the redundancy&insolvency payment section?

Alternatively, please call 0818 11 11 12. Redundancy & Insolvency Payment Section, Gandon House, Amiens Street, Dublin 1, D01 A361.

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