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Severance package - Wikipedia


A severance package is pay and benefits employees receive when they leave employment at a ... United Kingdom[edit]. In the United Kingdom Labour Law provides for Redundancy Pay. The maximum amount o...

Severance Pay | United States Department of Labor


Severance pay is often granted to employees upon termination of employment. It is usually based on length of employment for which an employee is eligible ...

Why an Employer Might Want to Provide Severance Pay - The Balance


Aug 29, 2016 ... No law requires an employer to pay severance pay. The Fair Labor Standards Act (FLSA) requires that an employer pays an employee whose ...

3 Severance Pay Questions Every Employee Should Ask | On ...


May 8, 2012 ... Due to the growing number of layoffs that have occurred at companies nationwide over the last few years, severance pay is a hot topic.

Final Pay - California Department of Industrial Relations


California law that an employer pay accrued sick leave upon termination. ... under California law that employers provide severance pay to an employee.

Friday's Five: Five answers to common questions about severance ...


Oct 17, 2014 ... Severance pay is not required under California law. However, employers who have potential disputes with employees that are leaving ...

Should You Offer Severance Pay? | Nolo.com


If you decide to pay severance, the most important rule is to be consistent. ... Although a federal law called the Consolidated Omnibus Budget Reconciliation Act ...

Know the Details of Your Severance Package - Lawyers.com


You may be surprised to learn that no law requires employers to offer severance to all departing employees. However, a few states do require employers to pay ...

How To Get The Best Severance Deal - Forbes


Nov 2, 2011 ... Plus, HP agreed to pay for his legal fees to negotiate the package. ... No U.S. law requires a company to pay severance—unless a firing comes ...

Severance Pay - Office of Personnel Management


To be eligible for severance pay, an employee must be serving under a .... Rate of basic pay means the rate of pay fixed by law or administrative action for the ...

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Severance Pay Laws: Does It Make Sense to Offer Severance Pay ...


In a majority of situations, severance pay laws do not require employers to offer severance packages to terminated employees -- but it could make sense to do it.

Severance - Workplace Fairness


Although employers are not required to do so by law, many give severance pay to some or all permanently laid off or terminated employees. Employers who ...

Severance Pay: What You Should Know - AARP.org


Jul 27, 2009 ... What you need to know before accepting a severance pay agreement ... there is no law or regulation requiring any company to offer severance.