Retrenchment payment

Current

(1)

The company must pay an employee who has been retrenched an amount (a retrenchment payment) equal to the all purpose rate of pay for the number of total weeks according to the years of service completed by the employee as set out in the following table—

Scale of retrenchment payments
Completed years of service	Weeks per year of service	Total weeks
1	4	4
2	3	6
3	21/3	7
4	2	8
5	2	10
6	2	12
7	2	14
8	2	16
9	2	18
10	2	20
11	2	22
12	2	24
13	2	26
14	2	28
15	2	30
16	2	32
17	2	34
18	2	36
19	2	38
20	2	40
21	2	42
22	2	44
23	2	46
24	2	48
25	2	50
26 or more	2	52

(2)

The retrenchment payment to an employee who has completed more than 2 years service must include a proportionate amount for an incomplete year of service.

(3)

The company must also pay the employee—

(a)

an amount for long service leave of 1.3 weeks for each year of service, and a proportionate amount for an incomplete year of service, less any long service leave taken; and

(b)

a superannuation benefit calculated under Gladstone Power Superannuation Plan contained in the Energy Super trust deed.

(4)

The company must give the employee an estimate of the total payment at least 14 days before the employment ends.

(5)

In this section—

Energy Super trust deed means the trust deed for the fund known as the Electricity Supply Industry Superannuation Fund (Qld) dated 16 June 1995, and as amended from time to time, between the Queensland Transmission and Supply Corporation, the Queensland Generation Corporation and Electricity Supply Industry Superannuation (Qld) Ltd.

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28 Retrenchment payment