Re:Changes at Riot Games and the road ahead
by gambiting on Tuesday January 23, 2024 @05:22AM
(#39101590)
>>This is the money the government will pay you rather than severance from an employer.
Nope, that money is entirely paid by the employer.
https://www.springhouselaw.com/knowledge-hub/redundancy/who-...
"Your redundancy pay is called a statutory redundancy payment. It is calculated based on your age, weekly pay and number of years you’ve worked for your employer. You are also entitled to a paid minimum statutory Notice Period. It’s your employer’s duty to pay these, but your payments are capped"
Re:Changes at Riot Games and the road ahead
by meheleventyone on Tuesday January 23, 2024 @06:22AM
(#39101973)
If the employer can't pay (as in my case) this is also the money the government will pay in their lieu. Which is why it's so shit/capped. Normal payments from employers are generally more in my experience.
Likewise the notice period is paid at full rate.
Redundancy also comes with a required notice period that the employer must pay you through as well. And there’s a bunch of other rules around how people can be selected for redundancy.
I got laid off when Realtime Worlds went into administration and only got the statutory pay until years later the company was wound up and I got a follow on measly cheque from them for part the money they still owed me for the notice period.