Severance Packages
Sometimes, when you are about to lose your job, your employer may offer you a "severance" package or "separation" package - an amount of money that is meant to temporarily offset your job loss.
Employers are not required by labor law to give severance packages, but if you belong to a labor union, your labor union might have negotiated the terms of your severance package, and those terms might even appear in your union contract.
- What benefits are provided in severance packages?
- Severance money
- Will my severance pay in my severance package be in a lump sum or paid over a period of time?
- Health benefits
- Job training and career placement
- Letter of recommendation
- Can I negotiate my severance package?
- Can I collect unemployment insurance benefits even if I accept a severance package?
- May my employer require me to sign a "release of claims" in order to get a severance package?
- What claims must I release?
- How much time do I have to decide whether to sign the release?
- Comment:
- Email Page:
- RSS Discussion:
-
Services To Consider
Related Discussions
Employment Videos
|
|
|
Document Center |
Affordable & Professional
Select a document type from the list below. Most documents are prepared within just 48 hours.
Find a Local Expert Now!