Is severance pay mandatory in singapore
- when should you receive your redundancy payment
- when do you get a redundancy payment
- when do you get your redundancy pay
- when do you get your severance pay
Mom retrenchment guidelines
How much do you get paid for redundancy!
Redundancy: your rights
You must be given a notice period before your employment ends.
The statutory redundancy notice periods are:
- at least one week’s notice if employed between one month and 2 years
- one week’s notice for each year if employed between 2 and 12 years
- 12 weeks’ notice if employed for 12 years or more
Check your contract.
Your employer may give you more than the statutory minimum, but they cannot give you less.
Notice pay
As well as statutory redundancy pay, your employer should either:
- pay you through your notice period
- pay you in lieu of notice depending on your circumstances
Your notice pay is based on the average you earned per week over the 12 weeks before your notice period starts.
If you were paid less than usual because you were ‘on furlough’ because of coronavirus, your notice pay is based on what you would have earned normally.
Payment in lieu of notice
Your employment can be ended without notice if ‘payment in lieu of notice’ is included in your contract.
Your employer will pay you instead of giving you a notice period.
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- how soon should i receive my redundancy payment
- when do you have to pay redundancy