Is it a flat amount, or does it depend on years of service and grade level?
11 replies (most recent on top)
@49x was it voluntary?
@OP I’m 20 years in, grade 28 and I’m getting 22 weeks.
I had been there 28 years took the buy out and was paid 30 weeks. I took a trip to the Caribbean and got a new job 2 mos later. Taking the buy out was the smartest decision I made.
@kh they are spending more to lay you off than they would to keep you and get work out of you. How does that make sense?
(correction on typo above)
26 weeks max if grade level less than 29.
52 week max if grade level is 29 or greater, and 20 plus on year of service.
1 week per service year (I think)
My understanding is 26 weeks max if grade level = 29 and more 20+ years. 1 week / per year (?)
I think additional to the years of service and grade level, the company should add employees loyalty to the company for those who worked over 20 years.
loyalty bonus pay:
• Healthcare: 6 months employer-paid continuation
• Retirement: Immediate full vesting of all employer contributions
• Job transition fund: $5,000–$7,500 for retraining or certification depending on grade pay .
• Reference guarantee: Written performance + service reference letter
Executives routinely receive golden parachutes worth tens or hundreds of millions, while workers get a few weeks and a COBRA pamphlet. That is not a market outcome — it is a governance failure.
Its based on length of service and grade level. I have worked here almost 20 years and would get about 26 weeks as a GL31
26 yrs, grade 25 … I got 26 weeks.
There is a chart on sparq ( search severance) it is based on salary grade and number of years of service.
I was there just under 4 years at salary grade 28 and got 5 weeks.
I don’t know ….may be a bottle of champagne to celebrate the new year 😂😂😂