Redundancy after 16 years
After 16 years of service, the NES minimum redundancy pay is 12 weeks of base pay, plus 4 weeks notice.
Redundancy
12 weeks
Notice
4 weeks
Combined
16 weeks
Payout at Different Salaries
$60,000 salary$13,848 redundancy + $4,616 notice = $18,464
$80,000 salary$18,456 redundancy + $6,152 notice = $24,608
$100,000 salary$23,076 redundancy + $7,692 notice = $30,768
$120,000 salary$27,696 redundancy + $9,232 notice = $36,928
Years of Service16 years
Redundancy Pay12 weeks
Notice Period4 weeks
Over 45? (+1 week notice)5 weeks notice
Small Business (<15 staff)No redundancy owed