The Irish government is to pay 58 million euros (£30 million) to the survivors of the Magdalene laundries.
The laundries were Catholic workhouses where an estimated 10,000 women and girls had to do unpaid, manual labour.
Payments will range from 11,500 euros (£9000) for women who spent three months or less in a laundry, to a maximum of 100,000 euros (£85,000) for 10 years or more.
Payment is not dependent on proof of hardship, injury or abuse.
The government expects the redress scheme to cost between 35 - 58 million euros (£30 - £50 million).
Relatives of the deceased are not covered by the scheme, unless they had registered an expression of interest before 19 February 2013.
The BBC reports the package is based on recommendations by Mr Justice John Quirke, who was asked by the cabinet to devise eligibility criteria.
Former residents of the laundries will also receive a range of supports, including an enhanced medical card and pension.
Any payments already made under the Residential Redress Scheme will not be taken into account.
Apology by PM
Irish prime minister (taoiseach) Enda Kenny has already formally apologised on behalf of the state for its role in the Magdalene laundries.
About 10,000 women passed through the laundries in the Irish Republic between 1922 - 1996, according to a report in February.
The laundries operated from 1809 to the late 20th Century.
