What is the difference between Service Pay, Severance Pay and

severance pay  Severance pay is usually based on the number of years you've worked at your employer Generally, you'll get one week to four weeks of pay per To be eligible for severance pay, an employee must have completed at least 12 months of continuous service by the date of separation This continuous service

The generosity or level of severance pay depends on the nature of the dismissal Severance pay is not provided How to Qualify for Severance Pay? · The employee is severed and they have worked for the employer for five years or more; and · Their employer has a payroll of

Requirements The Act requires an employer to make a compensation payment called a severance payment to an employee who is dismissed because of redundancy and Severance pay The basic idea was to extend the “company impartiality” already enshrined in the holiday provision for construction workers to also include