1. Short title
Feedback & supportThis Act may be cited as the Redundancy Payments Fund Act.
This Act shall apply to any contract, agreement or arrangement entered into before the commencement of this Act whereby an employer has agreed or arranged to pay a redundancy payment to his employee but it shall not apply if the redundancy payment has already pursuant to that contract, agreement or arrangement been paid to the employee before the commencement of this Act.
employer
“employer” means —(a)any person, company or association or body of persons, corporate or unincorporate;(b)the Government; and(c)any Commonwealth or foreign government and any agency or instrumentality thereof, including the armed forces thereof,who, or which, has employed an employee in Singapore;
This Act may be cited as the Redundancy Payments Fund Act.
This Act shall apply to any contract, agreement or arrangement entered into before the commencement of this Act whereby an employer has agreed or arranged to pay a redundancy payment to his employee but it shall not apply if the redundancy payment has already pursuant to that contract, agreement or arrangement been paid to the employee before the commencement of this Act.
redundancy payment
“redundancy payment” means any sum of money that an employer has agreed or arranged to pay to an employee —(a)whose employment is terminated by reason of redundancy or by reason of the employer ceasing to carry on business for whatever reason or transferring the whole or part of his undertaking or property, as the case may be;(b)who is not a citizen of Singapore, upon completion of a contract of employment for a fixed term; or(c)who is not a citizen of Singapore, in a lump sum on retirement or by way of commutation of pension;