HC Deb 05 April 1965 vol 710 cc9-10W
65. Mr. Albert Roberts

asked the Minister of Labour if he will take steps to encourage private firms to allocate moneys from their trading accounts into trusts to pay generous severance pay allowances when the need arises.

Mr. Gunter

The Redundancy Payments Bill will require employers to contribute to a central fund which will meet approximately 60 per cent. of the cost of redundancy payments made in pursuance of the Bill.