Severence Pay

[lynamon 0]

As I was reading another post, a vj'r mentioned that they received severence pay.

I was wondering how serverence pay works ... is it optional or mandatory?

[payxibka 10,045]

As I was reading another post, a vj'r mentioned that they received severence pay.

I was wondering how serverence pay works ... is it optional or mandatory?

Optional

[Jersey Girl 2]

If you have an employment contract that spells out severance pay up front, you're lucky. Many people these days have an "at will" agreement where a company can let you go without giving a reason or severance. They expect you to collect unemployment. And you can expect them to keep quiet about anything that might harm your chances of getting another job.

On the other hand, when big companies have massive lay-offs, they often give "packages" to protect their public reputation as well as reward the outgoing workers.

[hockeygal 0]

I will get severance pay when I quit - I've worked over 10 years, so they will give me 1/2 week's pay for each year. So I will get 5 weeks pay. I know I am lucky.

[lynamon 0]

I will get severance pay when I quit - I've worked over 10 years, so they will give me 1/2 week's pay for each year. So I will get 5 weeks pay. I know I am lucky.

I will have been with my company for 10 years ... it would be a nice little bonus ... do you have it in a contract?

[JenT 0]

Depends on the 'package of the year'. Right now, I'd get a month's pay for every year I worked. I've been here for 18 yrs.

Edited December 15, 2006 by JenT

[hockeygal 0]

Depends on the 'package of the year'. Right now, I'd get a month's pay for every year I worked. I've been here for 18 yrs.

That is amazing! Do you get that if you quit, or just let go?

I work for the government, I think it is in our contract.

Edited December 15, 2006 by hockeygal

[featherB 1]

Depends on the 'package of the year'. Right now, I'd get a month's pay for every year I worked. I've been here for 18 yrs.

That is amazing! Do you get that if you quit, or just let go?

I work for the government, I think it is in our contract.

Wow, you get paid severance pay just for quitting your job? I'm hoping to get made redundant from mine in the spring (they're asking for volunteers so they can cut some jobs, and I'm planning on leaving anyway...), and if it happens I'll get one month's pay for every full year I've worked there (8 years and counting). If I just resigned, though, I'd get nothing.

[JenT 0]

Depends on the 'package of the year'. Right now, I'd get a month's pay for every year I worked. I've been here for 18 yrs.

That is amazing! Do you get that if you quit, or just let go?

I work for the government, I think it is in our contract.

Wow, you get paid severance pay just for quitting your job? I'm hoping to get made redundant from mine in the spring (they're asking for volunteers so they can cut some jobs, and I'm planning on leaving anyway...), and if it happens I'll get one month's pay for every full year I've worked there (8 years and counting). If I just resigned, though, I'd get nothing.

Yes... sorry I wasn't more clear. If I resigned, I'd be SOL. I don't consider severance to be the same as resignation... and neither does the company I work for...

[featherB 1]

Depends on the 'package of the year'. Right now, I'd get a month's pay for every year I worked. I've been here for 18 yrs.

That is amazing! Do you get that if you quit, or just let go?

I work for the government, I think it is in our contract.

Wow, you get paid severance pay just for quitting your job? I'm hoping to get made redundant from mine in the spring (they're asking for volunteers so they can cut some jobs, and I'm planning on leaving anyway...), and if it happens I'll get one month's pay for every full year I've worked there (8 years and counting). If I just resigned, though, I'd get nothing.

Yes... sorry I wasn't more clear. If I resigned, I'd be SOL. I don't consider severance to be the same as resignation... and neither does the company I work for...

Ah, sorry I wasn't more clear either - I meant to address that to hockeygal, but quoted your post too. I've never heard of anyone getting severance pay just for quitting their job (I know this is Canada we're talking about and I'm in the UK, but still) - so was very curious! I get the same package as you - a month's pay for every year worked if I get made redundant, nothing if I resign of my own volition... and that's not a bad package compared to most people I know.

[JenT 0]

Depends on the 'package of the year'. Right now, I'd get a month's pay for every year I worked. I've been here for 18 yrs.

That is amazing! Do you get that if you quit, or just let go?

I work for the government, I think it is in our contract.

Wow, you get paid severance pay just for quitting your job? I'm hoping to get made redundant from mine in the spring (they're asking for volunteers so they can cut some jobs, and I'm planning on leaving anyway...), and if it happens I'll get one month's pay for every full year I've worked there (8 years and counting). If I just resigned, though, I'd get nothing.

Yes... sorry I wasn't more clear. If I resigned, I'd be SOL. I don't consider severance to be the same as resignation... and neither does the company I work for...

Ah, sorry I wasn't more clear either - I meant to address that to hockeygal, but quoted your post too. I've never heard of anyone getting severance pay just for quitting their job (I know this is Canada we're talking about and I'm in the UK, but still) - so was very curious! I get the same package as you - a month's pay for every year worked if I get made redundant, nothing if I resign of my own volition... and that's not a bad package compared to most people I know.

[Waiting in Vancouver 6]

As I was reading another post, a vj'r mentioned that they received severence pay.

I was wondering how serverence pay works ... is it optional or mandatory?

Well my boss called it serverence pay but it was basically a thank you for all of the work I did for him over the past 16 years ... There was no contract and he didn't have to do what he did ... And I am pretty sure that you wouldn't typically receive serverence pay if you quit/resign from your job ...

[lynamon 0]

As I was reading another post, a vj'r mentioned that they received severence pay.

I was wondering how serverence pay works ... is it optional or mandatory?

Well my boss called it serverence pay but it was basically a thank you for all of the work I did for him over the past 16 years ... There was no contract and he didn't have to do what he did ... And I am pretty sure that you wouldn't typically receive serverence pay if you quit/resign from your job ...

thanks for clariying that ... it's nice enough that we qualify for ei .......

[Reba 2]

in Canada, if you are laid off or terminated from your job by law the company is required to either give you 2 weeks notice, or pay without notice. (for salaried employees, I think its different for hourly) Labour laws in Canada vastly differ from labour laws in the US! If a company terminates you without notice they are required to give you severance pay of at least equivalent of one week's pay per year of service. A lot of companies give 2 weeks or more per year. However, if they give you 2 weeks or more notice, they are not required to give you severance pay because during that "notice time" you can be looking for other work.

If you quit your job, by law they are not required to give you anything. If they do, it is company policy, as opposed to labour law. And if they do get severance when you quit, you're incredibly lucky

Edited December 17, 2006 by Reba

[Kathryn41 3,205]

I worked for the Federal Government and when I resigned I was entitled to severence pay. I don't remember the details but it did involve one weeks salary for every year you had worked if you had worked for over 6 years, which I had. If you had worked for less than 6 years then you didn't get anything. It was written into the employment contract. I had also racked up a fair bit of overtime hours so I took those as paid time off which then put my last day of official employment over the half-year mark so I was also qualified to receive the full year's paid holidays. It was nice to get the extra money as it helped to pay the final payment bills for my living expenses (utilities, phone, cable etc.) in Canada.