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How is severance pay calculated, and when is it due?

April 26, 2017calculated pay severance

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How is severance pay calculated, and when is it due?

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Severance pay is not regulated. A right to severance pay must be agreed upon by both the employee and employer prior to beginning employment. Otherwise, a fired employee is not due severance pay. To learn more about severance and age discrimination claims, see AgeRights.com.