Does anyone know what the severance package is or the rif package for solutions specialist. Is it 2 weeks pay for each year your with the company?
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Your severance is composed of three parts.
1 Two weeks/year with 35 weeks max. Severance base pay is calculated by adding base pay to target STI (10, 12 or 20%). Eg: If actual base pay is 80 K and STI is 12%, then severance base pay is 89.6 K
2 Unused and accrued vacation time ( unused personal hours are not paid in most states)
3 Pro-rated STI. For this, lower threshold rate is used instead of higher target rate.
@2qum. Do You even know what you are talking about? Do you know what a rif or severance package is?
NONE because this would be due to performance
You're....not your.
2 weeks for each year of service up to 35 weeks. Plus paid medical/dental for same period. You also get a prorated STI