for example if you are given 2 months, would the current month be normal payroll and then the next 2 months would be the payment?
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What is being offered? Can anyone share?
@dj this.
Plus the severance is tax withheld at the supplementary rate (look it up), so your net will be less than the sum of three months of normal net pay.
You should get that back when you do your taxes, but it su-ks for getting a lump of severance.
@c0
No. You will be paid for current month. The next payment you receive will be your severance. It is paid in one lump sum, not over time.
Who is being offered severance? Any news to share?
@az
so if I am qualified for 3 months of severance, i would get full month currently and then 3 more months after?
yes, current month normal payroll... then they give you a lump sum on the next payment