Just got the axe too. Package was ok just as I expected.
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depending on years of service. 5 years i got 5 months
60 days base. if you were there between 10 - 19 years, you get 1 extra week per year, i.e. 10 weeks if you worked there 19 years. For years 20 and above, you get an extra 2 weeks for year 20 and the years beyond that. If you have been there less than 10 years, you get 3 months COBRA in a lump sum payment. If you have been there more than 10 years, you get 5 months COBRA in the form of a lump sum payment. The lump sum payments are grossed up so you end up with the actual amount it costs for COBRA. You also get paid for accrued PTO, etc.
5 months basically
how many month's pay did the package come to?