Employment Rights (Dispute Resolution) Act 1998 s.11 is entitled "Settlements of redundancy cases".
The section also ensures that in the event of an employer being unable to pay an amount arrived at in settlement of a statutory redundancy pay dispute because of insolvency, the DTI's guarantee of the settlement amount will be fully valid (see Insolvency/government guarantees on insolvency of employer/redundancy money ).
Go to Redundancy/Calculator (redundancy pay) for an easy way to calculate statutory redundancy pay.
See also ACAS/COT3 procedure and conciliation and/or Procedure of Employment Tribunals/background, general and amendments