Bad Severance?

[anonymous]

Is this a bad severance I can't tell? I'm getting two months pay + a little over 20K. I thought this wasn't too bad, but I just talked to another rep and she told me that that's an insulting severance, we should have gotten more.

 

[anonymous]

She's full of crap. It's an industry standard package...the 6 months of paid for benefits is nice also.

 

[anonymous]

she's right. Minimum should be 12 weeks, then Two weeks for every year worked. If you worked less than 6 years then 12 weeks is it. 7 or more, 2 weeks a year plus a week.
10 years=21 weeks. And yes, 6
Months of fully paid healthcare.

 

[anonymous]

Everyone gets the two month WARN period as though you are still with AZ. Then the minimum severance for anyone is three months. So, the worst you can do is 5 months of pay. As noted in the previous post, if you have more years of service than the minimum you get more.

 

[anonymous]

she's right. Minimum should be 12 weeks, then Two weeks for every year worked. If you worked less than 6 years then 12 weeks is it. 7 or more, 2 weeks a year plus a week.
10 years=21 weeks. And yes, 6
Months of fully paid healthcare.

I think the original poster means that they get salary for 2 months (warn period), then lump sum for 12 weeks = 20K .... which is industry standard if they are under 7 years with AZ. 2 weeks for every year, min of 12 weeks paid out. plus the benefits. not bad for escaping a sinking ship.

 

[anonymous]

I'd take half that to leave this hole.