BenefitOpen
Redundancy Payment
Summary
Provision of redundancy payment from the Redundancy Fund to employees dismissed due to redundancy, provided they have been continuously employed for at least 104 weeks by the same employer. Applications must be submitted within three months of dismissal.
How to apply
The payment is made by the Redundancy Fund to employees dismissed due to redundancy who meet the eligibility criteria.
Steps
- Obtain the special application form YKA 600 from a District Social Insurance Office, a Citizen Service Centre, or online.
- Complete the application on form YKA 600.
- Submit the application to a District Social Insurance Office or a Citizen Service Centre no later than three months from the date of dismissal.
Documents you'll need
- Special application form YKA 600
Who qualifies
- Have been continuously employed by the same employer for 104 weeks.
- Have been dismissed due to redundancy before reaching pensionable age.
- The redundancy must result from the employer ceasing or intending to cease the business, or the business at the employee’s work location, or from an operational reason: modernisation, mechanisation or another change in production or organisation methods that reduces the number of employees needed; a change in products, production methods or required employee specialisations; abolition of departments; difficulties placing products on the market or credit difficulties; lack of orders, raw materials or means of production; or a reduction in the volume of work or of the business.
- How to apply
- In person
This guide is compiled from public information and is unofficial. Check the official page for the current requirements.