Severance pay

Is your company paying out severance in a lump sum or as a salary continuance over a number of weeks? 

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  • We pay out a lump sum, contingent upon the execution of a general release. 

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  • We also pay out a lump sum upon signing a general release.

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  • At 3M we pay lump sum, allocated to last day at work, with the signed release completed.

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  • Jennifer Bispo 

    Thanks for your feedback!

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  • Talia Edmundson   

    thanks for your feedback!

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  • Don Barnes   

    Thanks for your feedback!

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  • We also pay out in a lump sum. 

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  • I have paid both ways in past companies, but strongly prefer lump sum!

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  • We have paid both ways.  It has depended upon the circumstances around the termination and the state in which they reside.  But always contingent upon the execution of a general release.

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  • Hi Amy!  We do salary continuance.  It's a little more work to administer, but I think the recipients appreciate it.

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  • Mary Howbert 

    Thanks!  We are currently doing salary continuance and looking at changing.  The main reason is the administrative ease of paying a lump sum.  I do know that employees do like the continuance more.  Thanks for your feedback.  Let's do lunch!  I will send you an email.

     

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