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NATIONAL INSURANCE BOARD

REPORT ON THE OPERATIONS OF THE SEVERANCE PAYMENTS SCHEMEFOR THE PERIOD JANUARY 1 TO DECEMBER 31 2008

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Mr. Jon Martineau

More than a contribution ... It’s you lifeline

w w w. n i s . g o v. b b

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The NaTioNal iNsuraNce Board

Mr. Jepter InceChairman

Dr. Justin RobinsonDeputy Chairman

Mr. Dennis Clarke Mrs. Nancy Headley

Mr. Herman HarewoodMr. Harcourt HusbandsSir Roy Trotman, K.A.

Mrs. Edla Lowe

Mr. Neil Marshall

Mr. Jon Martineau

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Tribunal 1 Tribunal 2

Mr. Hilary Nelson - Chairman Ms. Verla Depeiza -Chairman Mr. Tennyson Beckles - Member Mr. Lemuel Daniel -Member Mr. Hugh Arthur - Member Ms. Cathy Layne - Member

Tribunal 3 Tribunal 4

Ms. Monique Taitt - Chairman Mr. Elson Gaskin - ChairmanMr. Keith Foster - Member Mr. Colin Walcott - Member Mr. Mitchinson Beckles - 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 represent labour and employer organizations.

severaNce PaymeNTs TriBuNal �008

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SECTION

1. Introduction

2. General Overview

i. Economic Performance

ii. Impact on the Severance Payments Scheme

3. General Matters

i. The National Insurance Board

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

contents

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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

TaBles aNd FiGures

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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

sTaTisTical aPPeNdix

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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.

�. iNTroducTioN

National Insurance BoardReport on the Operations of the Severance Payments Scheme for the period 1 January to 31 December 2008

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(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.

TourismData 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.

AgricultureSugar 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.

ManufacturingManufacturing 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.

ConstructionFollowing 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 & RetailSlower 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.

�. GeNeral overvieW

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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.

�. GeNeral maTTers

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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

(i) 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 Total Rebates Surplus (Deficit) & Employer Payments

2004 7.5 8.8 (1.3)2005 8.2 8.1 0.1 2006 8.6 3.8 4.8 2007 9.2 7.7 1.5 2008 9.9 3.5 6.4

Contributions Investment Income Repayment by Employment

Repayment by Employment 2%

Investment Income 36%

Contribution 62%

�. FiNaNcial oPeraTioNs

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Figure 2: Severance Contributions and Payments, 2004-2008

(ii) 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 investments 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 Income $

Treasury Bills 141,427Deposits 2,573,607Treasury Notes 1,051,500Debentures 1,898,011Bonds 56,197

0

2

4

6

8

10

12

2004 2005 2006 2007 2008Year

Contributions

Payments

$M

�. FiNaNcial oPeraTioNs cont’d

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(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. 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.

Employer PaymentsWhere 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.

Total 5,720,742

6

5

4

3

2

1

02004 2005 2006 2007 2008

Year

Investment Income

Investment Income

$M

Figure 3: Investment Income 2004-2008

Investment Income

1Section 31 of the Severance Payments Act, Cap. 355A

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(i) Rebates

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.

Figure 4: Administrative Expenses vs. Revenue, 2004 – 2008

C. 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 97.3Cash in hand at bank 2.7Other Net Assets 10.8

Total 110.8

18

16

14

12

10

86420

Year

RevenueAdministration Expenses

$M

�. FiNaNcial oPeraTioNs cont’d

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Table 3: Portfolio Composition, 2008 and 2007

2008 2007 Portfolio Portfolio Portfolio Portfolio $ % $ %

Bonds 1,185,115 1.22 332,682 0.36Debentures 40,389,000 41.49 24,300,000 26.07Deposits 38,382,500 39.43 50,504,057 54.18Treasury Bills 1,891,250 1.94 1,873,540 2.01Treasury Notes 15,495,000 15.92 16,200,000 17.38

Total 97,342,865 100.00 93,210,279 100.00

The investment portfolio grew by $4.1 million in 2008. This represents a smaller increase than the $6.6 million recognised in 2007. A breakdown 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

D. Financial Statements

The 2008 financial statements have been submitted for audit.

BondsDebenturesDepositsTreasury BillsTreasury Notes

Bonds 1.22%

Treasury Notes15.92%

Treasury Bills 1.94%

Deposits39.43%

Debentures41.49%

Year

120

100

80

60

40

20

02004 2005 2006 2007 2008

Growth in Income

$M

Growth in Investment PortfolioInvestment Portfolio

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(i) Claims

Table 4: Claims for Payment from the Severance Fund, 2008

Claims Brought Claims Total Claims Claims Withdrawn/ ClaimsType of Claim Forward Received for Processing Allowed Disallowed Pending

Employer Payments 24 134 158 135 0 23Rebates 389 201 590 227 11 352

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.

(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

2008 2007

Brought Forward 28 164Received 413 255Available for Processing 441 419Processed 352 393Withdrawn/Disallowed 7 2Pending 82 24

�. GeNeral oPeraTioNs

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(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

2008 2007

Brought Forward 239 189Received 344 393Available for Processing 583 582Processed 202 350Pending 381 232

(iv) 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.

���8

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.

The majority of persons severed in 2008 were in the 30-39 age-group. 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.

�. sTaTisTical daTa

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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.

�. ProsPecT For �00�

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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.

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�. FiNaNcial oPeraTioNs

sTaTisTical aPPeNdices

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statistical appendices

Appendix 1: Severance Payment Fund Contributions & Payments 2008 & 2007

2008 2007 Total Rebates Total Rebates Employer & Employer Employer & EmployerMonth Contributions Rebates Payments Payments Contributions Rebates Payments Payments

January 882,998 0 0 0 763,628 0 0 0 February 776,486 0 0 0 797,762 333,233 241,783 575,016 March 802,832 350,778 117,166 467,944 761,650 973,345 261,544 1,234,889 April 944,477 321,067 130,832 451,899 766,557 141,848 469,352 611,200 May 807,197 253,492 209,963 463,455 787,537 1,589,001 46,576 1,635,577 June 784,017 72,728 38,691 111,419 761,141 154,710 37,144 191,854 July 888,356 222,264 154,853 377,117 772,287 416,236 54,144 470,380 August 790,622 431,736 26,723 458,459 748,590 171,628 78,242 249,870 September 830,746 148,994 51,579 200,573 749,874 494,932 98,469 593,401 October 869,964 198,055 40,001 238,056 765,576 510,610 350,374 860,984 November 747,051 190,415 53,026 243,441 786,584 370,809 355,268 726,077 December 793,396 239,580 237,090 476,670 738,252 203,832 354,612 558,444 TOTAL 9,918,142 2,429,109 1,059,924 3,489,033 9,199,438 5,360,184 2,347,508 7,707,692

Appendix 2: Severance Payment Fund Contributions & Payments, 2004 - 2008

Total Rebates Payments & Employer Contributions Rebates Employer PaymentsYear $M $M $M $M

2004 7.6 2.7 5.5 8.22005 8.2 4.1 4.0 8.12006 8.6 2.8 1.0 3.82007 9.2 5.4 2.3 7.72008 9.9 2.4 1.1 3.5

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Appendix 3: Severance Payment Fund Claims for Payment 2008 & 2007

2008 2007 Claims Received Claims Approved1 Claims Received Claims Approved1

Employer Employer Employer EmployerMonth Rebates Payments Rebates Payments2 Rebates Payments Rebates Payments

January 20 4 0 0 12 33 26 23February 12 3 33 22 21 9 26 22March 19 23 37 15 20 40 6 34April 18 15 24 21 29 13 9 10May 12 4 8 6 8 1 17 8June 18 12 36 13 38 17 8 14July 18 14 14 6 10 15 14 16August 12 9 15 8 17 15 15 16September 16 11 20 10 14 63 17 64October 20 1 13 7 25 72 16 37November 21 33 27 27 15 11 34 53December 15 5 0 0 11 19 0 0

Total 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 Claims Approved1

Employer Employer Year Rebates Payments Rebates Payments

2004 247 429 205 5242005 306 319 208 3702006 221 210 212 2042007 220 308 188 2972008 201 134 227 135

Note: (1) Includes Brought Forward Claims

statistical appendices

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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 5 110 175 2855 - 10 143 139 28211 - 15 60 54 11416 - 20 26 34 6021 - 25 15 25 4026 - 30 9 14 2331 and over 5 15 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 ($) Female Male Total

Under 100 0 1 1100 - 199 30 8 38200 - 299 116 44 160300 - 399 67 67 134400 - 499 37 71 108500 - 599 42 95 137600 - 699 30 88 118700- 781 46 82 128782 0 0 0

Total 368 456 824

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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 0 2 220 - 29 49 82 13130 - 39 105 155 26040 - 49 131 121 25250 - 59 69 77 14660 - 65 14 19 33

Total 368 456 824

Appendix 8: Claims Approved for Rebates by Industry, Gender of Severed Employees and Payments Approved, 2008

No. of Males Females Total Total Amount Paid RebateIndustry Description Claims Paid Severed Severed Persons by Employer Severed Amount Approved

Agriculture 6 4 2 6 $65,828.42 $16,471.62Manufacturing 41 71 78 149 $2,416,872.96 $588,479.63Wholesale & Retail Trade 51 111 58 169 $2,783,036.73 $684,343.00Transport, Storage & Communication 12 26 39 65 $550,414.54 $138,793.12Financial Intermediation 26 21 48 69 $767,664.21 $180,576.42Construction 19 36 11 47 $411,026.93 $99,732.53Hotels & Restaurants 27 42 40 82 $913,868.10 $216,494.69Real Estate & Renting 5 3 5 8 $45,722.72 $9,369.50Computer & Related Activities 0 0 0 0 $0.00 $0.00Other Business Activities 13 75 22 97 $605,129.82 $150,458.24Education 0 0 0 0 $0.00 $0.00Electricity & Gas 6 17 1 18 $396,917.38 $97,942.74Health & Social Work 6 6 14 20 $183,714.04 $45,543.59Other Community, Social and Personal Service Activities 0 0 0 0 $0.00 $0.00Other Service Activities 15 37 26 63 $781,670.04 $167,078.48Private Households 20 4 21 25 $160,836.15 $37,926.32Mining & Quarrying 1 1 0 1 $30,691.60 6,680.64Tyre Repair Shop 1 2 1 3 $26,999.43 6,475.56Other Community, Socialand Personal Service Activities 1 0 2 2 $13,567.63 $3,287.05Extra Territorial Organisations & Bodies 0 0 0 0 $0.00 $0.00

Total 250 456 368 824 $10,153,960.70 $2,449,653.13

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statistical appendices

Appendix 9: Employees Severed (for whom rebates were paid to employers) Classified by Occupation and Gender, 2007

Gender Occupation Female Male Total

Administrative & Management Personnel 59 62 121Agricultural Workers & Fishermen 0 1 1Clerical Workers 75 16 91Production Workers 51 53 104Professional, Technical and Related Workers 10 9 19Quarry Workers 0 1 1Sales Workers 37 63 100Service Workers 127 118 245Skilled Craftsmen 4 95 99Transport & Communication Workers 5 38 43

Total 368 456 824

Appendix 10: Employees Severed by Gender and Reason for Termination (Rebates)

Gender Reason for Termination Female Male Total

Company Closure 66 41 107Re-organisation of Business 214 304 518Economic Conditions 6 1 7Laid Off 24 73 97Technology Change 0 0 0Other 58 37 95

Total 368 456 824

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Appendix 11: Employees Severed (for whom Rebates were paid to Employers) by Reason for Termination of Services 2008 & 2007

2008 2007Reason for Termination No. % No. %

Company Closure 107 12.99 132 11.25Re-organisation of Business 518 62.86 528 45.01Economic Conditions 7 0.85 1 0.09Laid Off 97 11.77 241 20.55Technology Change 0 0 0 0.00Other 95 11.53 271 23.10

Total 824 100 1,173 100

Appendix 12: Employer Payments Approved Classified by Gender, Type of Payment and the Amount Approved, 2008

No. of Amount ofType Female Male Total Employers Severance Approved

Contested 81 60 141 56 $ 1,231,566.13 Uncontested 0 0 0 0 $ -

Total 81 60 141 56 $ 1,231,566.13

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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 2 12,311.04 0 0 2 12,311.04Construction 9 35,970.68 0 0 9 35,970.68Manufacturing 8 101,717.57 0 0 8 101,717.57Hotels & Restaurants 22 184,399.40 0 0 22 184,399.40Private Households 8 130,206.26 0 0 8 130,206.26Education 1 3,885.05 0 0 1 3,885.05Wholesale & Retail Trade 46 324,249.27 0 0 46 324,249.27Transport, Storage & Communication 15 138,041.33 0 0 15 138,041.33Financial Intermediation 4 40,033.89 0 0 4 40,033.89Health & Social Work 4 14,971.14 0 0 4 14,971.14Real Estate & Renting 1 2,402.51 0 0 1 2,402.51Other Service Activities 6 38,254.85 0 0 6 38,254.85Other Business Activities 13 80,322.94 0 0 13 80,322.94Other Community, Social and Personal Service Activites 2 5,635.13 0 0 2 5,635.13

Total 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 Female Male Total

Under 20 0 0 020 - 29 7 9 1630 - 39 25 21 4640 - 49 24 17 4150 - 59 21 11 3260 - 64 4 2 6

Total 81 60 141

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Appendix 15: Employees Severed (for Whom Employer Payments were Approved) by Reason for Termination of Services, 2008 & 2007.

2008 2007Reason for Termination No. % No. %

Company Closure 68 48.2 167 54.2Re-organisation of Business 47 33.3 17 5.5Economic Conditions 14 9.9 51 16.6Laid Off 3 2.1 59 19.2Technology Change 0 0 0 0.0Other 9 6.4 14 4.5

Total 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 2 2 4Administrative & Management Personnel 10 12 22Clerical Workers 5 22 27Sales Workers 7 12 19Transport & Communication Workers 12 0 12Skilled Craftsmen 9 0 9Production Workers 4 3 7Service Workers 11 30 41Farmers/Fishermen 0 0 0

Total 81 60 141

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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 0 2 2100 - 199 13 2 15200 - 299 28 8 36300 - 399 22 21 43400 - 499 11 13 24500 - 599 1 5 6600 - 699 3 4 7700 - 781 3 5 8782 0 0 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 Female Male Total

Under 5 28 21 495 - 10 24 20 4411 - 15 15 11 2616 - 20 7 4 1121 - 25 4 2 826 - 30 2 2 431 and over 1 0 1

Total 81 60 141

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