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Reply to "New OPM memo on RTO"
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[quote=Anonymous][quote=Anonymous]What severance package pay out? Tell me more.[/quote] If it is just a normal RIF: Calculation The employee receives one week's basic pay for each year of service up to 10 years The employee receives two weeks' basic pay for each year of service beyond 10 years The employee receives an age adjustment allowance of 2.5% for each full quarter of a year they are over 40 years old The maximum amount of severance pay is one year's salary But, Vivek said they want to offer up to 2 years. He said "very generous packages." [/quote]
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