WHAT IS THE ACTUAL AMOUNT OF LAYOFF BENEFITS PAYABLE ?
Under the Employment (Termination and Layoff Benefits) Regulations 1980, an employee will be entitled to layoff benefits not less than the following :
1 to 2 years service - 10 days wages for each year service
more than 2 years but less 5 years service - 15 days wages for each year service
5 years service or more - 20 days wages for each year service
For an incomplete year, the calculation will be on a pro-rata basis to the nearest month.
April 10, 2010
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