Does severance come as one lump payment or does it come in payments? Thank you.
6 replies (most recent on top)
Is the severance offer one week for every year that you have worked there?
The last reply is wrong if you work 10 years you have to wait 10 weeks.I was 30 years i rhink i waited 4 weeks. Call unemployment. They will explain it
Lump sum. And no unemployment until severance is ovet. Example: if you have been with the company 10 years, you have to wait 10 weeks before you can get unemployment. You can file when the layoff happens, but wait 10 eeeks for payments to start
Thank you for the answers. It comes as no surprise that it will be taxed. Happy Holidays.
Talked to my coworker who was in audit. She said you get the whole amount.
It is lump but they tax the heck out it