As there appears to be some confusion as to the computation of Severance Pay for federal and postal employees, here is the real scoop from OPM.
Here is a sampling of the computation, but read the full article by clicking the 'Read More' icon in this post:
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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