The SPD defines annual business days as 264 and uses this in the denominator to calculate everyone's severance payout. Industry standard is 260 (2080÷8). Looking at the calendar and counting the days, 2023 is 260 and 2024 is 262. 264 seems arbitrary and inflated, resulting in a reduced payout amount to everyone. Is this a mistake that should be challenged or what am i missing?
4 replies (most recent on top)
Good luck. I’m trying to get answers about sabbatical payout since it was scheduled and approved.
I wonder if the that’s because of the two floating holidays that they pay out separately like PTO.
It is an error or mistake, whatever, I am going to call and give them cr-p about it, a working year is not 264, they are shorting us about 20 percent of a paycheck, I suggest all those affected like me do the same, why leaving your severance money on the table?
You would be fighting a loosing battle - I am sure they have looked and looked at the calculation(or at least their consulting company did). Time to MOVE on