Long service payment
An employee who has been employed under a continuous contract for five years or more and
is dismissed for any reason other than redundancy or misconduct is entitled to a long service
payment on termination of employment by the employer. An employee who has been paid a
severance payment will not be entitled to a long service payment. The calculation of long service
payment is the same as severance payment and is also subject to the same maxima as stated
above. The amount of any gratuity and retirement scheme payment paid to the employee, based
on length of service, is deductible from the amount of long service entitlement, as in the case of
severance payment