NATIONAL INSURANCE BOARD REPORT ON THE OPERATIONS OF THE SEVERANCE PAYMENTS SCHEME FOR THE PERIOD JANUARY 1 TO DECEMBER 31 2008
More than a contribution ... It’s you lifeline w w w. n i s . g o v. b b
The National Insurance Board
Mr. Jepter Ince Chairman
Mr. Neil Marshall
Sir Roy Trotman, K.A.
Mr. Jon Martineau
Mrs. Edla Lowe
Dr. Justin Robinson Deputy Chairman
Mr. Harcourt Husbands
Mr. Dennis Clarke
Mr. Herman Harewood
Mrs. Nancy Headley
Severance Payments Tribunal 2008
Tribunal 1 Mr. Hilary Nelson Mr. Tennyson Beckles Mr. Hugh Arthur
- Chairman - Member - Member
Ms. Verla Depeiza -Chairman Mr. Lemuel Daniel -Member Ms. Cathy Layne - Member
Tribunal 3 Ms. Monique Taitt Mr. Keith Foster Mr. Mitchinson Beckles
- Chairman - Member - Member
Tribunal 2
Tribunal 4
Mr. Elson Gaskin - Chairman Mr. Colin Walcott - Member Mr. Trevor Alleyne - Member
Notes: 1.
A tribunal comprises three persons. The Chairman is always a member of the legal profession while the other two members 足 represent labour and employer organizations.
Contents
SECTION 1.
Introduction
2.
General Overview
i. Economic Performance
ii. Impact on the Severance Payments Scheme
3.
General Matters
i.
4.
Financial Operations
1. Revenue
2. Payments from the Fund
3. Fund Balance
4. Financial Statements
5.
General Operations
1.
Claims
2.
Applications to Tribunals
3.
Cases heard by Tribunal
4.
Unpaid Severance Certificates
6.
Statistical Data
7.
Prospects for 2008
8.
Conclusion
The National Insurance Board
TABLES AND FIGURES
LIST OF FIGURES Figure 1: Composition of Income Figure 2: Severance Contributions and Payments, 2004 – 2008 Figure 3: Investment Income, 2004 – 2008 Figure 4: Administrative Expenses vs. Revenue, 2004 – 2008 Figure 5: Severance Investment Portfolio at December 31, 2008 Figure 6: Growth in Severance Investment Portfolio, 2004 – 2008 LIST OF TABLES Table 1: Contributions and Payments, 2004 – 2008 Table 2: Distribution of Investment Income, 2008 Table 3: Portfolio Composition, 2008 & 2007 Table 4: Claims for Payment from the Severance Fund, 2008 Table 5: Applications to Tribunal, 2008 & 2007 Table 6: Cases heard by the Tribunal, 2008 & 2007
Statistical Appendix
Appendix 1.
Severance Payment Fund: Contributions and Payments 2008 & 2006
2.
Severance Payment Fund: Contributions and Payments 2004 – 2008
3.
Severance Payment Fund: Claims for Payment 2008 & 2007
4.
Severance Payment Fund: Claims Received & Approved for Payment 2004 – 2008
5.
Total Employees Severed (for whom rebates were paid to employers) Classified by Gender and Years of Service, 2008
6.
Total Employees Severed (for whom rebates were paid to employers) Classified by Gender and Weekly Earnings Level, 2008
7.
Total Employees Severed (for whom rebates were paid to employers) Classified by Gender and Age Group, 2008
8.
Claims Approved for Rebates Classified by Industry, Gender of Severed Employees and Payments Approved 2008
9.
Employees Severed (for whom rebates were paid to Employers) Classified by Occupation and Gender, 2008
10.
Employees Severed (for whom rebates were paid to Employers) Classified by Gender and Reason for Termination, 2008
11.
Employees Severed (for whom rebates were paid to Employers) Classified by Gender and Reason for Termination of Services 2008
& 2007
12.
Employer Payments Approved Classified by Gender, Type of Payment and the Amount Approved, 2008
13.
Industry Category of Employees for whom Employer Payments were approved, 2008
14.
Total Employees Severed (for whom Employer Payments were Approved) Classified by Gender and Age Group, 2008
15.
Employees Severed (for whom Employer Payments were Approved) by Reason for Termination of Services, 2008 & 2007
16.
Employees Severed (for whom Employer Payments were Approved) by Occupation and Gender, 2008
17.
Total Employees Severed (for whom Employer Payments were Approved) Classified by Gender and Weekly Earnings Level, 2008
18.
Total Employees Severed (for whom Employer Payments were Approved) Classified by Gender and Years of Service, 2008
National Insurance Board Report on the Operations of the Severance Payments Scheme for the period 1 January to 31 December 2008
1. INTRODUCTION
The Severance Payment Scheme came into effect on 1 January, 1973. Chapter 355A – Severance Payments Act - of The Laws of Barbados governs the operations of this Scheme. The Severance Payment Scheme provides compensation for employees who are dismissed by reason of redundancy or natural disaster or who terminate their contracts of employment after the expiry of the prescribed period of lay-off or short time. Generally, all employees between the ages of 16 and under pensionable age are covered by the Scheme. However, the following categories of workers are specifically excluded:
1.
Persons employed in a public office or by any statutory board set out in the Schedule to the Statutory Boards Pensions Act 1969;
2.
Share fishermen;
3.
Persons employed by their husbands or wives;
4.
Persons whose employment is pensionable under any Law for the time being in force in Barbados;
5.
Domestic servants who are closely related to their employers;
6.
Persons who work in partnership or as independent contractors or freelance agents or under a contract for services as distinct from contracts of service.
An employee can terminate his contract of employment and claim severance payment because of lay-off or short-time, if he is laid off or kept on short-time for a continuous period of 13 or more weeks, or for a period of 16 weeks (of which not more than 12 were consecutive) within a period of 26 weeks. Severance payment is payable by the employer to an employee who had been employed continuously for a minimum of 104 weeks. If the employer refuses to make such payment, or is unable to do so, the Severance Fund makes the payment to the employee and the National Insurance Board recovers the amount from the employer. Under the Severance Payments Act Cap 355A, an employer who pays the employee a severance payment is entitled to a rebate of 25% of the payment from the Severance Fund. The employer must give prior notice that a claim may arise. Failure to do so may result in a reduction of the amount of the rebate ordinarily payable. Provision is made under the Scheme for disputes regarding entitlement to severance payments or claims for rebate to be settled by a Tribunal.
2. GENERAL OVERVIEW
(i) Economic Performance The Central Bank of Barbados in its Review of the Economy for 2008 reported that the economic slowdown was triggered by a deepening of the U.S financial crisis which spread to other advanced economies, including Barbados’ main trading partners, and contributed to a slowing in the pace of Barbados’ economic expansion in 2008. However, real output growth in the Barbadian economy increased by an estimated 0.7%, substantially lower than the 3.3% expansion in 2007 and 2006 respectively. A wider external current account deficit resulted from the rising oil prices during the first half of the year that inflated the value of fuel imports combined with the lower travel receipts. Capital outflows were higher than in 2007 thus netting a smaller surplus on the capital and financial account. Consequently, the net international reserves (NIR) of the monetary authorities contracted by $202 million since this surplus was not sufficient to finance the external current account deficit. Tourism Data for the 2008 suggest that Tourism was mainly affected by the slowdown in global economic activity. Tourism value-added is estimated to have fallen by 1.7%, after an increase of 3.1% in 2007, when Barbados hosted some matches in the Cricket World Cup (CWC). Visitors from both the United Kingdom (U.K) and the United States (U.S) were down by 2.3%, owing mainly to reduced airlift capacity from the U.K market and a decrease in disposable incomes. The cruise industry registered an increase of 15.4% in total passenger arrivals for the first half of 2008. However, owing to strong contractions in the last two quarters, total cruise arrivals declined by 0.1%, for the year as a whole, following an expansion of 14.3% in 2007. Agriculture Sugar production declined by 6.9% during 2008, primarily because of a late start to the harvest. However, value-added from non-sugar agriculture increased by 3.7%, as a 36.2% expansion in fish catches more than compensated for reductions of 3% and 0.1% in milk and chicken production, respectively, as well as a 5.7% contraction in other meats.
Manufacturing Manufacturing output contracted by a marginal 0.4%, following a decrease of 2.9% in 2007 and an increase of 1.1% in 2006. A reduction of 1.3% in miscellaneous manufacturers coupled with downturns in chemicals (5.2%), non-metallic mineral products (1.1%) and furniture production (4.3%) outweighed improvements in other key sub-sectors. Food production was up by 1.6%, whereas output of beverages and electronics rose by 7% and 3.5%, respectively. Construction Following a further slowdown in road works and tourism-related projects, the construction sector registered an estimated decline of 3.1% in 2008, while there was a 1.4% reduction in the production of electricity, gas and water. Furthermore, value-added in the construction sector is forecast to register a further decline in 2009. Wholesale & Retail Slower growth was recorded for wholesale and retail (0.7%), transport storage and communications (2.7%) and business and other services (2.4%) sectors. The biggest improvement was in mining and quarrying, which grew by an estimated 2.5% owing to the reactivation of onshore oil wells.
(ii) Impact on the Severance Payments Scheme Fewer claims were received in 2008 as compared to 2007. In 2008, a total of 335 (Rebate - 201, Employer Payment – 134) claims were received. This is an overall decrease of 36.6% over the 528 (Rebate – 220, Employer Payment – 308) claims received in 2007. There was a $0.7 million increase in the contributions received by the Severance Fund from $9.2 million in 2007 to $9.9 million in 2008. Payments from the Fund decreased in 2008 from what was seen in the previous year. Both Rebates and Employer Payments dropped to $2.4 million and $1.1 million respectively. These were decreases of $1.3 million and $3 million respectively over the amounts paid in 2007.
3. GENERAL MATTERS
i) The National Insurance Board The Board held eleven (11) meetings during 2008 and approved employer payments of approximately $1.2 million in respect of 141 employees. However, part payments were made by some employers and only $1.1 million was paid by the Board. Similar to 2007, there were no uncontested cases. Two hundred and thirty-four (234) rebate claims were paid in 2008 with respect to 824 employees. A total of $2.4 million in payments were paid in 2008. Of the employers for which rebates were approved in 2008, four were indebted to the National Insurance Fund and two to the Severance Fund. The payments approved in respect of these rebates were therefore applied against the outstanding amounts owed to those two funds in accordance with Section 29(6A) of the Act.
10 10
4. FINANCIAL OPERATIONS
Since January 1st 1994, a partial accrual basis of accounting was introduced and continues to be used today.
A.
Revenue
The revenue of the Severance Fund consists of contributions, investment income and repayments by employers. Total revenue was approximately $16.0 million in 2008, as compared to $15.5 million received in the previous year 2007. Figure 1 shows the composition of income. Figure 1: Composition of Income Repayment by Employment 2% Investment Income 36%
Contribution 62% Contributions
(i)
Investment Income
Repayment by Employment
Contributions
Contribution income collected, including arrears reached a total of $9.9 million, an increase of 7.6% over the $9.2 million received in 2007. Contribution income was enough to cover severance payments and administration expenses totalling $4.1 million resulting in a surplus of $5.8 million. The combined investment income and repayments by employers realized $6.0 million. Table 1 provides a breakdown of the surplus or deficit recorded during the period 2004-2008. Year Contributions 2004 2005 2006 2007 2008
7.5 8.2 8.6 9.2 9.9
Total Rebates & Employer Payments 8.8 8.1 3.8 7.7 3.5
Surplus (Deficit)
(1.3) 0.1 4.8 1.5 6.4
11 11
4. FINANCIAL OPERATIONS cont’d
Figure 2: Severance Contributions and Payments, 2004-2008 12 10 8
Contributions
$M 6
Payments 4 2 0
(ii)
2004
2005
2006 Year
2007
2008
Investment Income
Income earned from investments in 2008 totalled $5.7 million. This is an increase of $0.2 million or 3.6% over the $5.5 million earned from Âinvestments in 2007. Table 2 shows the distribution of investment income, while Figure 3 presents the investment income from 2004 to 2008. Table 2:
Distribution of Investment Income, 2008
Asset Class Treasury Bills Deposits Treasury Notes Debentures Bonds
12 12
Income $ 141,427 2,573,607 1,051,500 1,898,011 56,197
Figure Total 3: Investment Income 2004-2008 5,720,742
Investment Income Investment Income 6 5 4
$M 3 2 1 0
2004
2005
2006
2007
2008
Year
Investment Income
(iii)
Employers’ Repayments
In 2008, thirty (30) employers repaid the Severance Fund $0.3 million, a decrease of 57.1% over the $0.7 million paid in 2007. In an effort to recover employer payments, the Legal Unit served one unpaid severance certificate, however no matters were referred to legal counsel and no garnishee orders were issued.
B.
Employer Payments Where employers are financially unable or refuse to pay severance to severed employees, the Severance Fund is required to do so. When this occurs, the Severance Fund is required to recover the amounts paid by the employers1 . For 2008, the Severance Fund paid employer payments which totalled $1.1 million to persons who were not paid severance by their former employers, compared to $2.3 million for 2007.
Payments from the Fund
The categories of expenditure that are incurred by the Severance Fund are Employer Payments, Rebates and Administration Expenses. Total expenditure for 2008 was approximately $4.1 million representing a decrease in expenditure of $4.2 million (51%) over last year’s amount of $8.3 million.
Section 31 of the Severance Payments Act, Cap. 355A
1
13 13
4. FINANCIAL OPERATIONS cont’d
(i)
Rebates
C.
The payment of a 25% rebate to an employer after the severance to employees is paid is covered under the Severance Payments Act Chapter 355A. Total rebates paid during the year under review totalled $2.4 million. This is a decrease of 55% over the $5.3 million paid in 2007. It is important to state that the monies paid during the year are not a reflection of the claims received during the year. Three hundred and eighty-nine (389) claims were brought forward at the beginning of 2008 while 379 claims were brought forward at the beginning of 2007. (ii)
Administrative Expenses
The cost of administering the Severance Fund over the last five consecutive years has remained constant at about $0.6 million, and the year under review was no different. This cost was 3.8% of total revenue in 2008. Figure 4 shows the proportion of administrative expenses to revenue over the five-year period, 2004 to 2008.
Fund Balance
The fund balance grew by 12.0% in 2008, slightly above the 7.8% growth recorded in 2007. The fund balance at 31 December, 2008 was $110.8 million which was $11.9 million greater than the fund balance of $98.9 million at 31 December, 2007. The composition of the fund is as follows:
$M
Investments Cash in hand at bank Other Net Assets
97.3 2.7 10.8
Total
110.8
Figure 4: Administrative Expenses vs. Revenue, 2004 – 2008
18 16 14 Revenue Administration Expenses
12 $M
10 8 6 4 2 0 Year
14 14
Table 3:
Portfolio Composition, 2008 and 2007
Bonds Debentures Deposits Treasury Bills Treasury Notes
Portfolio $ 1,185,115 40,389,000 38,382,500 1,891,250 15,495,000
Total
97,342,865
2008
Portfolio % 1.22 41.49 39.43 1.94 15.92
Portfolio $ 332,682 24,300,000 50,504,057 1,873,540 16,200,000
100.00
93,210,279
2007
Portfolio % 0.36 26.07 54.18 2.01 17.38 100.00
The investment portfolio grew by $4.1 million in 2008. This represents a smaller increase than the $6.6 million recognised in 2007. A Âbreakdown of the Severance Fund investment portfolio can be found in Table 3 above. Figure 5: Severance Investment Portfolio at December 31, 2008
Figure 6: Growth in Severance Investment Portfolio, 2004 – 2008
Investment Portfolio Treasury Notes 15.92% Treasury Bills 1.94%
Growth in Investment Portfolio 120
Bonds 1.22%
100 80 Debentures 41.49%
$M 60 40
Deposits 39.43%
D.
Bonds Debentures Deposits Treasury Bills Treasury Notes
20 0
2004
2005
2006 2007 2008 Year Growth in Income
Financial Statements
The 2008 financial statements have been submitted for audit.
15 15
5. GENERAL OPERATIONS
(i)
Claims
Table 4: Claims for Payment from the Severance Fund, 2008
Brought Claims Total Claims Claims Type of Claim Forward Received for Processing Allowed
Claims Withdrawn/ Claims Disallowed Pending
Employer Payments Rebates
24 389
134 201
158 590
135 227
0 11
23 352
Total
413
335
748
362
11
375
Table 4 shows the breakdown of claims for rebates and employer payments. Three hundred and thirty-five (335) new claims were received in 2008. This figure is 193 less than the 528 new claims received in 2007. Of the 335 claims received in the year under review, 134 were Employer Payments while 201 were Rebates. There were no uncontested cases in 2008. Seven Hundred and Forty-Eight, (748) claims were available for processing. Three hundred and sixty-two (362) of these claims were allowed during 2008. This amount represented 48.4% of the available claims. Eleven (11) claims were withdrawn/disallowed and at year end 23 employer payments and 352 rebates were left pending. There were two hundred and fifty (250) rebate claims that were paid in 2008 with respect to 824 employees. The sum paid by employers to severed employees was $10.2 million while rebates were $2.4 million. The 141 employer payments paid were made on behalf of 56 employers who were unable to pay severance to their workers.
16 16
(ii)
Applications to Tribunals
Four hundred and thirteen (413) applications were made to the tribunal during 2008; this reflects an increase of 158 claims over the 255 received in 2007. In addition to the 28 claims brought forward from 2007, four hundred and forty-one (441) applications were available for processing. Three hundred and fifty-two (352) were processed, 7 were withdrawn/disallowed and at year end 82 claims were pending. See table 5. Table 5: Applications to Tribunal 2008 & 2007
Brought Forward Received Available for Processing Processed Withdrawn/Disallowed Pending
2008
2007
28 413 441 352 7 82
164 255 419 393 2 24
(iii)
Cases heard by Tribunal
For the period under review, 344 contested applications were received by the Tribunal. This amount when added to the 239 brought forward from 2007 provided the Tribunal with a total caseload of 583, an increase of 1 claim over last year’s total of 582. At year-end, 202 decisions were made and 381 cases were carried forward to 2009. See Table 6.
Table 6: Cases heard by the Tribunal, 2008 & 2007
(iv)
2008
2007
Brought Forward Received Available for Processing Processed Pending
239 344 583 202 381
189 393 582 350 232
Unpaid Severance Certificates
One (1) unpaid severance certificate was served on an employer who was indebted to the Severance Fund compared to eight (8) in 2007.
17 17
6. STATISTICAL DATA
The statistical appendices in this report provide information on contributions and payments, claims received and approved and various analyses on the employees severed that were paid in 2008. The analysis relates to both Rebates and Employer Payments. More males than females were severed in 2008. Males severed totalled 516 (456 – Rebates, 60 – Employer Payments) and females severed totalled 449 (368 – Rebates, 81 – Employer Payments). This is a decrease of 47.4% and 17.7% respectively over the 854 females and 627 males severed in 2007. The majority of persons severed were recorded from the Wholesale and Retail sector (22.3%) followed by the Manufacturing sector (16.3%) and the Other Business Activity sector (11.4%). From 2006 to 2008, the trend shows that the majority of people severed included those from the Wholesale and Retail Trade sector. See Appendix 8 and 13. The category of Service Workers topped the list of the majority of persons severed for whom rebates were made, totalling (245). It was followed by the categories Administrative and Management Personnel (121) and Production Workers (104). Service Workers (41), also topped the list of the majority of persons severed for whom employer payments were made but were followed by Clerical Workers (27) and Administrative and Management Personnel (22). This data for persons severed for whom employer payments were made mirrors that of the last two years in terms of occupational classifications of severed workers. In 2007, there were 479 Service workers severed, followed by 225 Clerical workers and 198 Administrative and Management Personnel, while in 2006 there were 265 Service workers severed, followed by 201 Clerical workers and 148 Administrative and Management Personnel. See appendices 9 and 16. In 2008, the companies that were awarded rebates had the highest percentage of persons terminated due to Re-Organisation of Business (62.9%). They were followed by the category Company Closure which accounted for 13.0% of the 824 persons severed for whom rebates were paid to the company. Company Closure (48.2%) recorded the highest percentage for reasons for termination for employees paid by the National Insurance Board. Re-Organisation of Business (33.3%) was the second highest reason for these employees. See appendices 11 & 15. 18 18
The majority of persons severed in 2008 were in the 30-39 agegroup. This group accounted for 31.7% of all the severed persons. The second highest group was the 40-49 age-group that accounted for 30.4% followed by the 50-59 age-group which accounted for 18.4%. In 2007, the majority of persons severed were between the ages of 40-49 (32.3%) followed by the 50-59 age group, 24.1%. Data from 2008 also shows that the majority of persons that were severed were females between the ages of 30 and 39. See appendices 7 & 14. During the years 2004 to 2007, the majority of persons that were severed were earning between $300 and $399 per week. However, in 2008, majority of persons that were severed were earning between $200 and $299 which accounted for 20.3% of the 965 persons severed. The second highest group comprised those earning between $300 and $399 (18.3%). See appendices 6 & 17. Of all the persons severed in 2008, the majority of them were working with various companies for less than 5 years. They accounted for 34.6% of all persons severed. Those working for between 5 and 10 years accounted for 33.8%. See appendices 5 & 18. Similar to last year, the Wholesale and Retail Trade sector led the list of employers who had severed staff and were unable to pay them severance. There were 46 claims from this industry. This was followed by 22 claims from the Hotels & Restaurant sector and 15 claims from the Transport, Storage and Communication sector. See appendix 13.
7. PROSPECT FOR 2009
The Central Bank of Barbados has anticipated the economy to decline between zero and two percent in 2009 based on currently available information and trends. The greatest drain on total output is expected to originate from a contraction in tourism activity. In addition, the value-added in the construction sector is forecast to register a further decline in 2009. Therefore, utilizing these projections, it was noted that greater upward pressure should be reflected in the unemployment figures for 2009. It is estimated that contribution income for the Severance Fund will reach $10.5 million in 2009; this is a 5% increase over the revised projections for 2008. The increase in the contribution income is
projected based on the expected minimal growth in the economy coupled with the increase in the earnings ceiling from $3,550 to $3,720 per month. Great challenges in estimating expenditure on Rebates and Employer Payments is expected to continue, however, in light of the business climate of continuing closures and restructuring Employer Payments and Rebates are estimated at $2.5 million and $4 million respectively. Investment income for 2009 is estimated at $4.9 million and the projected cost of administering the Fund is $916,885. A surplus of $8.4 million is expected.
19 19
8. CONCLUSION
The Board wishes to express its appreciation for the continued service rendered by the Director and Staff during the year. Special thanks are extended to the members of the four tribunals. The Board also wishes to thank employers and insured persons for their co-operation during the year.
20 20
STATISTICAL APPENDICES 4. FINANCIAL OPERATIONS
21 21
Statistical Appendices
Appendix 1: Severance Payment Fund Contributions & Payments 2008 & 2007
2008 2007 Total Rebates Employer & Employer Employer Month Contributions Rebates Payments Payments Contributions Rebates Payments January 882,998 0 February 776,486 0 March 802,832 350,778 April 944,477 321,067 May 807,197 253,492 June 784,017 72,728 July 888,356 222,264 August 790,622 431,736 September 830,746 148,994 October 869,964 198,055 November 747,051 190,415 December 793,396 239,580 TOTAL 9,918,142 2,429,109
0 0 0 0 117,166 467,944 130,832 451,899 209,963 463,455 38,691 111,419 154,853 377,117 26,723 458,459 51,579 200,573 40,001 238,056 53,026 243,441 237,090 476,670 1,059,924 3,489,033
763,628 0 0 797,762 333,233 241,783 761,650 973,345 261,544 766,557 141,848 469,352 787,537 1,589,001 46,576 761,141 154,710 37,144 772,287 416,236 54,144 748,590 171,628 78,242 749,874 494,932 98,469 765,576 510,610 350,374 786,584 370,809 355,268 738,252 203,832 354,612 9,199,438 5,360,184 2,347,508
Total Rebates & Employer Payments 0 575,016 1,234,889 611,200 1,635,577 191,854 470,380 249,870 593,401 860,984 726,077 558,444 7,707,692
Appendix 2: Severance Payment Fund Contributions & Payments, 2004 - 2008
Payments Contributions Rebates Employer Year $M $M $M 2004 2005 2006 2007 2008
22
7.6 8.2 8.6 9.2 9.9
2.7 4.1 2.8 5.4 2.4
5.5 4.0 1.0 2.3 1.1
Total Rebates & Employer Payments $M 8.2 8.1 3.8 7.7 3.5
Statistical Appendices
Appendix 3: Severance Payment Fund Claims for Payment 2008 & 2007
2008 2007 1 Claims Received Claims Approved1 Claims Received Claims Approved Employer Employer Employer Employer Month Rebates Payments Rebates Payments2 Rebates Payments Rebates Payments January February March April May June July August September October November December Total
20 12 19 18 12 18 18 12 16 20 21 15
4 3 23 15 4 12 14 9 11 1 33 5
0 33 37 24 8 36 14 15 20 13 27 0
0 22 15 21 6 13 6 8 10 7 27 0
12 21 20 29 8 38 10 17 14 25 15 11
33 9 40 13 1 17 15 15 63 72 11 19
26 26 6 9 17 8 14 15 17 16 34 0
23 22 34 10 8 14 16 16 64 37 53 0
201
134
227
135
220
308
188
297
Note: (1) Includes Brought Forward Claims (2) There were 0 Uncontested Cases
Appendix 4: Severance Payment Fund Claims Received & Approved for Payment 2004 - 2008
Claims Received
Year Rebates 2004 2005 2006 2007 2008
Claims Approved1
Employer Payments Rebates
247 306 221 220 201
429 319 210 308 134
205 208 212 188 227
Employer Payments 524 370 204 297 135
Note: (1) Includes Brought Forward Claims
23
Statistical Appendices
Appendix 5: Total Employees Severed (for whom Rebates were paid to Employers) Classified by Gender and Years of Service, 2008
Years of Service
Female
Male
Total
Under 5 5 - 10 11 - 15 16 - 20 21 - 25 26 - 30 31 and over
110 143 60 26 15 9 5
175 139 54 34 25 14 15
285 282 114 60 40 23 20
Total
368
456
824
Appendix 6: Total Employees Severed (for whom Rebates were paid to Employers)Classified by Gender and Weekly Earnings Level, 2008
Average Weekly Earnings ($)
24
Female
Male
Total
Under 100 100 - 199 200 - 299 300 - 399 400 - 499 500 - 599 600 - 699 700- 781 782
0 30 116 67 37 42 30 46 0
1 8 44 67 71 95 88 82 0
1 38 160 134 108 137 118 128 0
Total
368
456
824
Appendix 7: Total Employees Severed (for whom Rebates were paid to Employers) Classified by Gender and Age Group, 2008
Age Group
Female
Male
Total
Under 20 20 - 29 30 - 39 40 - 49 50 - 59 60 - 65
0 49 105 131 69 14
2 82 155 121 77 19
2 131 260 252 146 33
Total
368
456
824
Appendix 8: Claims Approved for Rebates by Industry, Gender of Severed Employees and Payments Approved, 2008
Industry Description Agriculture Manufacturing Wholesale & Retail Trade Transport, Storage & Communication Financial Intermediation Construction Hotels & Restaurants Real Estate & Renting Computer & Related Activities Other Business Activities Education Electricity & Gas Health & Social Work Other Community, Social and Personal Service Activities Other Service Activities Private Households Mining & Quarrying Tyre Repair Shop Other Community, Social and Personal Service Activities Extra Territorial Organisations & Bodies Total
No. of Claims Paid
Males Severed
Females Severed
Total Total Amount Paid Rebate Persons by Employer Severed Amount Approved
6 41 51
4 71 111
2 78 58
6 149 169
$65,828.42 $2,416,872.96 $2,783,036.73
$16,471.62 $588,479.63 $684,343.00
12 26 19 27 5 0 13 0 6 6
26 21 36 42 3 0 75 0 17 6
39 48 11 40 5 0 22 0 1 14
65 69 47 82 8 0 97 0 18 20
$550,414.54 $767,664.21 $411,026.93 $913,868.10 $45,722.72 $0.00 $605,129.82 $0.00 $396,917.38 $183,714.04
$138,793.12 $180,576.42 $99,732.53 $216,494.69 $9,369.50 $0.00 $150,458.24 $0.00 $97,942.74 $45,543.59
0 15 20 1 1
0 37 4 1 2
0 26 21 0 1
0 63 25 1 3
$0.00 $781,670.04 $160,836.15 $30,691.60 $26,999.43
$0.00 $167,078.48 $37,926.32 6,680.64 6,475.56
1
0
2
2
$13,567.63
$3,287.05
0
0
0
0
$0.00
$0.00
250
456
368
824
$10,153,960.70
$2,449,653.13 25
Statistical Appendices
Appendix 9: Employees Severed (for whom rebates were paid to employers) Classified by Occupation and Gender, 2007
Occupation
Female
Gender
Male
Total
Administrative & Management Personnel Agricultural Workers & Fishermen Clerical Workers Production Workers Professional, Technical and Related Workers Quarry Workers Sales Workers Service Workers Skilled Craftsmen Transport & Communication Workers
59 0 75 51 10 0 37 127 4 5
62 1 16 53 9 1 63 118 95 38
121 1 91 104 19 1 100 245 99 43
Total
368
456
824
Appendix 10: Employees Severed by Gender and Reason for Termination (Rebates)
Reason for Termination
26
Female
Gender
Male
Total
Company Closure Re-organisation of Business Economic Conditions Laid Off Technology Change Other
66 214 6 24 0 58
41 304 1 73 0 37
107 518 7 97 0 95
Total
368
456
824
Appendix 11: Employees Severed (for whom Rebates were paid to Employers) by Reason for Termination of Services 2008 & 2007
Reason for Termination
No.
2008
Company Closure Re-organisation of Business Economic Conditions Laid Off Technology Change Other
107 518 7 97 0 95
12.99 62.86 0.85 11.77 0 11.53
132 528 1 241 0 271
11.25 45.01 0.09 20.55 0.00 23.10
Total
824
100
1,173
100
%
2007
No.
%
Appendix 12: Employer Payments Approved Classified by Gender, Type of Payment and the Amount Approved, 2008
Type Female Male Total
No. of Amount of Employers Severance Approved
Contested Uncontested
81 0
60 0
141 0
56 0
Total
81
60
141
56
$ 1,231,566.13 $ - $ 1,231,566.13
27
Statistical Appendices
Appendix 13: Industry Category for whom Employer Payments were paid, 2008
Contested Uncontested Total Employees Amount paid Employees Amount paid Total Amount Paid Industry severed ($) severed ($) Employees ($) Agriculture Construction Manufacturing Hotels & Restaurants Private Households Education Wholesale & Retail Trade Transport, Storage & Communication Financial Intermediation Health & Social Work Real Estate & Renting Other Service Activities Other Business Activities Other Community, Social and Personal Service Activites Total
2 9 8 22 8 1 46
12,311.04 35,970.68 101,717.57 184,399.40 130,206.26 3,885.05 324,249.27
0 0 0 0 0 0 0
0 0 0 0 0 0 0
2 9 8 22 8 1 46
12,311.04 35,970.68 101,717.57 184,399.40 130,206.26 3,885.05 324,249.27
15 4 4 1 6 13
138,041.33 40,033.89 14,971.14 2,402.51 38,254.85 80,322.94
0 0 0 0 0 0
0 0 0 0 0 0
15 4 4 1 6 13
138,041.33 40,033.89 14,971.14 2,402.51 38,254.85 80,322.94
2
5,635.13
0
0
2
5,635.13
141
1,112,401.06
0
0
141 1,112,401.06
Appendix 14: Total Employees Severed (for whom Employer Payments were Approved) Classified by Gender and Age Group, 2008
Age Group
28
Female
Male
Total
Under 20 20 - 29 30 - 39 40 - 49 50 - 59 60 - 64
0 7 25 24 21 4
0 9 21 17 11 2
0 16 46 41 32 6
Total
81
60
141
Appendix 15: Employees Severed (for Whom Employer Payments were Approved) by Reason for Termination of Services, 2008 & 2007.
Reason for Termination
No.
Company Closure Re-organisation of Business Economic Conditions Laid Off Technology Change Other Total
2008
2007
%
No.
%
68 47 14 3 0 9
48.2 33.3 9.9 2.1 0 6.4
167 17 51 59 0 14
54.2 5.5 16.6 19.2 0.0 4.5
141
100
308
100.0
Appendix 16: Employees Severed (for Whom Employer Payments were Approved) By Occupation and Gender, 2008
Occupation
Female
Male
Total
Professional, Technical & Related Workers Administrative & Management Personnel Clerical Workers Sales Workers Transport & Communication Workers Skilled Craftsmen Production Workers Service Workers Farmers/Fishermen
2 10 5 7 12 9 4 11 0
2 12 22 12 0 0 3 30 0
4 22 27 19 12 9 7 41 0
Total
81
60
141
29
Statistical Appendices
Appendix 17: Total Employees Severed (for whom Employer Payments were Approved) Classified by Gender and Weekly Earnings Level, 2008
Average Weekly Earnings ($)
Female
Male
Total
Under 100 100 - 199 200 - 299 300 - 399 400 - 499 500 - 599 600 - 699 700 - 781 782
0 13 28 22 11 1 3 3 0
2 2 8 21 13 5 4 5 0
2 15 36 43 24 6 7 8 0
Total
81
60
141
Appendix 18: Total Employees severed (for whom Employer Payments were Approved) Classified by Gender and Years of Service, 2007
Years of Service
30
Female
Male
Total
Under 5 5 - 10 11 - 15 16 - 20 21 - 25 26 - 30 31 and over
28 24 15 7 4 2 1
21 20 11 4 2 2 0
49 44 26 11 8 4 1
Total
81
60
141
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