If they have worked for the company in excess of 2 years, yes.
2006-10-29 00:13:12
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answer #1
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answered by Witchywoo 4
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The following information is published by Age Concern.
The new law abolishes the upper age limit for statutory redundancy payments, so employees aged 65 and over are now entitled to redundancy pay calculated in the same way as younger people.
Age and length of service will still be used as a factor in calculating statutory redundancy pay (and compensation for unfair dismissal). You will be entitled to:
1.5 weeks’ pay (currently capped at £290 per week) for each year of service in which you were aged 41 or over
1 week’s pay for each year you were under 41
half a week’s pay for each year you were under 22
covers up to a maximum 20 years service.
This means that older people will continue to be paid at a higher rate than younger people, even though this appears to be discrimination on the grounds of age. The government has said it believes this difference in treatment is justified.
You may be entitled to more than the statutory minimum redundancy payment under your contract of employment. The law sets out ways in which employers can make enhanced redundancy payments using the same age bands as used in the calculation of statutory redundancy.
It will be unlawful for employers to use age as a factor when considering who to select for redundancy (unless they can justify this). Using length of service (for example, last in first out) to decide who to select could be indirect discrimination, although employers may try to justify this.
2006-10-29 08:44:34
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answer #2
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answered by Doethineb 7
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The person or the lifestyle?
Lifestyle:
This depends on the financial situation:
If the retiree has a healthy steady income then a job is really a choice issue.
There are many seniors who work to supplement "weak" retirements. (they have to).
"Staying-busy" is the number one way to lengthen your life after retirement
Person
Repetitive behaviour in people show's a tendency to want to "stay with what is comfortable and works well" It is an indicator of how the brain's cognitive functions are working.
A person sometimes finds comfort in working or "staying busy" & "being needed". This is viewed as being healthy and okay
The main drive could be the money.
2006-10-29 07:44:51
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answer #3
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answered by Anonymous
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Only up to the age of retirement after that no
2006-10-29 07:27:55
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answer #4
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answered by Andy P 3
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good question think if they have been working for a company and reach retirement age and the company have kept them on then yes they are entitled if that employment didn't cease ...hope I'm right
2006-11-02 03:26:56
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answer #5
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answered by bobonumpty 6
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Since 1 October when the new age discrimination act came into force, it looks like they do qualify. There's info (and a ready reckoner) here
http://www.dti.gov.uk/employment/employment-legislation/employment-guidance/page33157.html
2006-10-29 07:22:18
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answer #6
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answered by Jill 3
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I reckon yes but I'm sure there's a catch !!
2006-10-29 07:14:28
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answer #7
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answered by IloveMarmite 6
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also can they get sickness pay from the government
2006-10-29 07:20:22
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answer #8
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answered by Anonymous
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No
2006-10-29 07:18:54
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answer #9
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answered by man with the golden gun 4
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