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Can TERS cover a portion of a retrenchment package?

Yes, in the event that an employee is on Reduced Work Time or on a Temporary Layoff during the restructuring consultations. Employees who are made redundant are still entitled to receive their statutory entitlements, i.e. notice pay or payment in lieu of notice, accrued annual leave and severance pay calculated on the basis of one week for every and continuous completed years of service.

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