For those impacted do you know what the severance package is yet? It would help others plan accordingly if you can share. Thanks
8 replies (most recent on top)
The severance policy is on Sparq.
My position was just eliminated yesterday and I get 90 days pay. That’s it!
Change your deductions or you will have a lot of taxes taken out.
Severance varies from state to state, years of service and 90% of the states 40 hours of PTO.
most states no unemployment for you if severance awarded. You got some cash to depart most working stiffs get nothing
Some states require full pto payout and not just 40hrs. Also, look into unemployment for your state because some won't give you payment until after the full weeks of your severence and others will start right away. Massachusetts starts right away with unemployement.
One week of pay per year you have worked. If you have any PTO, 40 and under you will get, anything over 40 you don't get.
Years of service / grades 20-26 / 27-28 / 29 and up
0 - 3 3 weeks 5 weeks 11 weeks
4 or 5 4 weeks 6 weeks 12 weeks
6 or 7 6 weeks 8 weeks 14 weeks
8 or 9 8 weeks 10 weeks 16 weeks
10 or 11 10 weeks 12 weeks 18 weeks
12 or 13 12 weeks 14 weeks 20 weeks
14 or 15 14 weeks 16 weeks 22 weeks
16 or 17 16 weeks 18 weeks 24 weeks
18 or 19 18 weeks 20 weeks 26 weeks
20 or 21 20 weeks 22 weeks 26 weeks
22 or 23 22 weeks 24 weeks 26 weeks
24 or 25 24 weeks 26 weeks 26 weeks
26 or more 26 weeks 26 weeks 26 weeks