Fact Sheet: Severance Pay

severance pay  Any employer who closes or engages in a mass layoff at a covered establishment is liable to eligible employees of the covered establishment for severance pay at Severance pay is any compensation that your employer gives you when your employment there ends, beyond what you're owed in remaining paychecks or unused time

An Employer shall pay Severance Pay to an Employee who is terminated as follows: if the Employee has worked for an uninterrupted period of one hundred and The special severance pay is paid at the employee's current wage and is equivalent to 15 days' pay for every year of employment The total

Severance pay is any compensation that your employer gives you when your employment there ends, beyond what you're owed in remaining paychecks or unused time Any employer who closes or engages in a mass layoff at a covered establishment is liable to eligible employees of the covered establishment for severance pay at