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Severance package


A severance package is pay and benefits an employee receives when he or she ... waive any right to possibly pursue a legal claim against the former employer.

U.S. Department of Labor - Find It By Topic - Wages - Severance Pay


There is no requirement in the Fair Labor Standards Act (FLSA) for severance pay. Severance pay is a matter of agreement between an employer and an ...

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.

OSBA | Employers Are Not Required to Provide Severance Pay


​Q: Is there a law that requires employers to provide severance pay? A: No. An employer has no obligation to provide severance pay. The only benefit that ...

For example, it could be a week's pay for every year or service or a flat amount based on six weeks pay, or any other amount determined by the employer. There is no requirement in the Fair Labor Standards Act (FLSA ) for severance pay. Caitlyn was paid a week's salary... More »
By Alison Doyle, About.com Guide

Know the Details of Your Severance Package


When it comes to severance pay, you may be able to negotiate more than what's ... law to see if you're eligible for benefits if you take the severance package.

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 ...

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.

3 Severance Pay Questions Every Employee Should Ask - US News


May 8, 2012 ... If you quit your job, however, you'd be ineligible for severance pay. ... as a way to negotiate with you to get you to give up your legal rights (this ...

Severance Pay laws, regulations, analysis, news, and tools - BLR.com


state and national labor laws and human resources management compliance tools about Severance Pay explained in plain English.

Popular Q&A
Q: Florida Severance Pay Laws.
A: Losing a job in Florida can lead to financial hardship. The web site moneyrates.com ranked Florida in the bottom half of all U.S. states in terms of cost of liv... Read More »
Source: www.ehow.com
Q: Federal Law for Severance Pay.
A: Severance pay is a form of additional financial compensation that an employer pays to an employee upon terminating his employment. By taking the severance pay, ... Read More »
Source: www.ehow.com
Q: Employment Law. /. Severance Pay.
A: In lieu of notice pay is given to employees when they are terminated.  It is in exchange for not giving the employee two weeks notice before he is out of work. ... Read More »
Source: en.allexperts.com
Q: Is it against the law to garnish severance pay?
A: No it's not against the law to garnish severance pay.There is nothing to support that idea but it can vary in each state.! Read More »
Source: www.chacha.com
Q: What are the UK tax laws on severance pay and lieu of notice in a...
A: Pay In Lieu Of Notice is only taxable if it's been provided for in your contract or is customary. Otherwise, it is not taxable unless the PILON together with re... Read More »
Source: uk.answers.yahoo.com