RGDATA launches Sick Pay Survey

RGDATA has again called on government to tackle bogus insurance claims, which are harming small businesses
“Taxes on windfall profits should also be considered for the insurance companies that are not lowering premiums,” said RGDATA director general Tara Buckley

Government’s proposed statutory sick pay scheme to be phased in over a four-year period

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3 August 2021 | 0

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With the government’s plans for a Statutory Sick Pay Scheme due to be debated in the Oireachtas in September, retailers’ association RGDATA has asked members to participate in a Sick Pay Survey in order to represent their needs to government with up-to-date data.

RGDATA says that armed with up-to-date information about sick pay and sick leave in its members’ stores, the association will use this information in its representational activities. The economist Jim Power will also use it in his updated Local Heroes research into the significant contribution that local shops make to the national and local economies.

The government’s statutory sick pay scheme will be phased in over a four-year period, starting with three days per year in 2022, rising to five days payable in 2023 and seven-days payable in 2024. Employers will eventually cover the cost of 10 sick days per year in 2025. It’s being phased in to help employers, particularly small businesses, to plan ahead and manage the additional cost, which has been capped.

Sick pay will be paid by employers at a rate of 70% of an employee’s wage, subject to a daily threshold of €110. The daily earnings threshold of €110 is based on 2019 mean weekly earnings of €786.33 and equates to an annual salary of €40,889.16. It can be revised over time by ministerial order in line with inflation and changing incomes.

To participate in RGDATA’s survey, click here.

 

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