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Reply to "No severance if salary over 250k?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]It’s here - https://www.opm.gov/policy-data-oversight/pay-leave/pay-administration/fact-sheets/severance-pay/, specifically, employee is ineligible for severance pay if s/he… holds a position for which the rate of basic pay is fixed at an Executive Schedule (EX) rate or has a rate of basic pay in excess of the official rate of pay for EX level 1. Executive level 1 pay is $250,600.[/quote] Also at a fin regulator undergoing RIFs - I’m reading the above to mean that as long as your base salary is not above 250K (prior to adding locality pay) the employee may be eligible for severance [/quote] Are you sure? My understanding is that base pay includes locality area but not bonuses. [/quote]
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