Monday, June 29, 2009

Federal Employee Severance Pay


"...The basic severance pay allowance consists of—
* One week of pay at the rate of basic pay for the position held by the employee at the time of separation for each full year of creditable service through 10 years;
* Two weeks of pay at the rate of basic pay for the position held by the employee at the time of separation for each full year of creditable service beyond 10 years; and
* Twenty-five percent of the otherwise applicable amount for each full 3 months of creditable service beyond the final full year...."    



This Article is From: www.opm.gov

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