No 169 The Employment Rights (Increase of Limits) Order (Northern Ireland) 2015
This Order comes into operation on 22/3/15 and essentially it revises the limits on awards and payments under certain employment rights legislation in line with the rate of inflation.
These annual reforms are most notable for changes to things such as the cap on a week’s pay for the purposes of statutory redundancy purposes (which now stands at £490 as of 22/3/15). Other changes to limits include the maximum cap on the compensatory award for unfair dismissal which is now £78, 400 and the daily rate of guaranteed pay which now stands at £ 25.60. Other changes to limits are found in the Schedule to the Order.