When is severance pay issued when agreed upon by all parties?
I was dismissed from my duties as a library director with 2 weeks severance pay on Sat., May 21, 2005 by a seven-member-board of elected trustees. I called the library today, Wed., May 25 to inquire when I would receive my severance pay. I was told that a severance check had been prepared for me on the day of my dismissal and that a library board trustee was supposed to have given it to me on the day of dismissal. When am I entitled to my severance pay?
1 answer | asked May 25, 2005 3:56 PM [EST] | applies to Illinois
Answers (1)
Exit Pay Due Date
Unless there is a writing to the contrary, you are due all benefits payable to you (vacation, personal days, if payable, etc.) NLT the pay period following your termination.
Sometimes, severance agreements call for the funds being payed out through the life of the agreement but that is not likely for a two week payout.
BTW, if you don't have a written undertaking, you have no enforceable severance agreement. If that is the case, be extraordinarily polite while you chase the "lost" check. We don't want anybody changing their mind.
Anthony B. Cameron
Quincy
posted by Anthony Cameron | Jun 1, 2005 10:34 AM [EST]
Unless there is a writing to the contrary, you are due all benefits payable to you (vacation, personal days, if payable, etc.) NLT the pay period following your termination.
Sometimes, severance agreements call for the funds being payed out through the life of the agreement but that is not likely for a two week payout.
BTW, if you don't have a written undertaking, you have no enforceable severance agreement. If that is the case, be extraordinarily polite while you chase the "lost" check. We don't want anybody changing their mind.
Anthony B. Cameron
Quincy
posted by Anthony Cameron | Jun 1, 2005 10:34 AM [EST]
Answer This Question
Sign In to Answer this Question
Related Questions with Answers