You have to report weekly wether or not you found a new job. Once you do, the sub pay stops. That’s why they can’t call it severance. If it were severance you would keep it all. By using the term sub pay you collect only while not working and it can be at the same time as unemployment is being collected.
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How do they know if you get another job?
What is sub pay? Is that where you are paid on your regular pay day but no longer work for the company? How will they know if you get a new job if you don't tell them?
About 10 cents on the dollar in comparison to peer companies since we were foolishly dedicated to the wrong company.
2 weeks for every year with a 52 week max. However - I heard rumors of it being changed to 26 weeks max soon
It's not severance, it's sub pay, which means if you get another job, even temp or contract, the sub pay stops. 2 weeks for every year.