International employees get 1 month salary per year of service. Note: as long as your pay check comes from other country. A co- worker of mine was just paid out.
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International employees get 1 month salary per year of service. Note: as long as your pay check comes from other country. A co- worker of mine was just paid out.
For each full year of service you get one week severance pay calculated of your current salary. It is paid as a lump sum after the release agreement has been signed and only then, usually 7 days after the signed agreement has been received in the next pay period. Additionally vacation days for the time up to the release are paid out. If you were eligible for a bonus in 2014, this will be paid out as well in March. Of course everything will be taxed. You get as well 3 months of health care, then you are eligible for COBRA which is very expensive. So getting an insurance via your spouse or healthcare.gov is probably a less expensive alternative. I think the best information in my severance package is a fully paid job coach including job search help for 2 months. Best of luck to everyone in this tough times.
2 months of paid and benefits will continue for 3 months.