Tuesday 16 January 2018

Waterford staff get refunds of €1,500

Joan Burton
Joan Burton
Claire Murphy

Claire Murphy

SOCIAL Welfare Minister Joan Burton has agreed to automatically refund up to €1,500 in PRSI payments to some former Waterford Crystal workers.

The deal was struck after it was decided that a €10m gratuity fund paid to workers from the company could be treated as a redundancy payment.

The fund was negotiated between trade union Unite and the company when Waterford Crystal collapsed in 2009.

Payments from the fund were originally processed for tax and PRSI purposes as though they were normal additional salary income.

However, it was subsequently agreed that monies distributed from the fund were part of a redundancy scheme and exempted from PRSI.

The Department of Social Protection has now begun the process of automatically issuing a PRSI refund to more than 839 former Waterford Crystal workers.

Each worker will receive between €15 and €1,500, depending on the gratuity that they received at the time the company closed. A total of €783,800 was paid in PRSI deductions on payments from the €10m fund at the time.

Labour TD Ciara Conway, a TD for Waterford, said that the former workers had expressed confusion about claiming back PRSI, but was pleased there was a resolution.

Herald

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