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The European Communities (Iron and Steel Employees Re-adaptation Benefits Scheme) (No. 2) (Amendment) Regulations 1996
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Payments to men of 55 or over and women of 50 or over
3. The Secretary of State may pay to any steel employee who has been in the full time employment in the United Kingdom of the same steel company for the 52 weeks immediately preceding the relevant date and who–
(a)has become a redundant employee on or after 1 April 1996; and
(b)has on the relevant date attained, if a man, the age of 55 or, if a woman, the age of 50,
a lump sum equal to 64 times previous earnings.
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