How will the severance payment be made?
You can choose to receive the $20,000 in one lump sum payment, which will be made as soon as it is practical after your resignation/retirement, or two $10,000 lump sum payments. If you choose two payments, the first would be made as soon as it is practical after your resignation/retirement and the second would be made after April 1, 2010.
Related Questions
- How do I handle the vacation payoff and severance payment for a MAPE and MMA unclassified employee about to be laid off?
- Is there any supporting document I need to submit for claiming the Long Service Payment / Severance Payment?
- Can I defer the severance payment to my 401(k), Roth 401, 457, and/or 403(b)?
