Government Of Ireland Insolvency Payments Scheme : gov.ie

Organization : Government of Ireland
Facility Name : Apply for Insolvency Payments Scheme
Country : Ireland
Website : https://www.gov.ie/en/service/522b45-insolvency-payments-scheme/

What Is Insolvency Payments Scheme?

** The Insolvency Payments Scheme protects the former employees of companies that have become legally insolvent.
** Employees may claim, through an employer representative, such as the official liquidator or receiver, various outstanding debts including:
** Arrears of wages and sick pay
** Outstanding holiday pay
** Unpaid statutory minimum notice
** Certain arrears of pension contributions
** Various statutory awards made by the Workplace Relations Commission (WRC)

Some limitations and conditions apply there is a limit of 8 weeks for:
** arrears of wages
** holiday pay
** minimum notice.
** Gross weekly wage is capped at €600 per week.
** The debt outstanding must have become due in the 18 months prior to the date of insolvency or employment termination.

Related / Similar Status : Government Of Ireland Injury Benefit Scheme

What Is The Purposes Of Insolvency Payments Scheme?

** The business is in liquidation and a liquidator has been formally appointed
** The business is in receivership and a Receiver has been formally appointed
** The employer is legally bankrupt, and an Official Assignee has been formally appointed
** The employer has died and the estate is being administered under the relevant legislation
** The employer is insolvent under the legislation of another EU Member State

How To Apply For Insolvency Payments Scheme?

To Apply For IrelandInsolvency Payments Scheme, Follow the below steps,
Steps :
Step 1: Go to the link- https://www.welfarepartners.ie/Account/Login
Step 2: Click on Login Now
Step 3: Select Certificate
Step 4: Enter the Password
Step 5: Click on Authenticate

Note :
** Please contact the liquidator, receiver or employer representative in order to make an application.
** Applications for debts payable under the Insolvency Payments Scheme must be made by the employer representative, liquidator or receiver and will be submitted by them using the Redundancy and Insolvency Payments Schemes service on Welfare Partners.
** To access this service, the employer representative, liquidator or receiver will require a Department of Social Protection (DSP) Sub-Cert which is issued by Revenue. More information on how to apply for a DSP Sub-Cert can be found here.
** Further information for employer representatives on how to access and use this service on Welfare Partners can be found here.

Insolvency Payments Scheme Rate Of Payment

** In most cases the gross weekly wage, subject to a limit of €600, is used to calculate the amount that can be paid under the scheme.
** The maximum payment for arrears of wages or holiday pay or minimum notice is €4,800.