Redundancy Threshold
The option holds the redundancy threshold values for terminations.
Prerequisites
- The Annual Leave post 17/8/93 where Redundancy = N must have an Hours Code set to No Pay Annual Leave. This field can be found on the Leave Paid Defaults Terminations window.
Rules and Guidelines
- Values are updated as part of the Tax Table changes at end of each financial year end.
Field Information
Initial Threshold
The Flat $ value used in the calculation of redundancy pay.
Each Year of Service
The value added to the Initial Threshold flat $ value for each year of service.
2024