Human Resources Policies
HR98 Severance Payment Provisions for Staff Employees
Policy Status:
Active
Policy Steward:
Vice President for Human ResourcesPOLICY'S INITIAL DATE: May 1, 2011
THIS VERSION EFFECTIVE: May 1, 2011
Contents:
PURPOSE:
To provide the criteria under which an employee laid off under policy HR97, Layoff Provisions for Staff Employees, is eligible to receive a severance payment.
OVERVIEW:
Length of University employment is measured in months of continuous employment in a Standing or Fixed-Term I appointment from the date of last hire and includes leaves of absence. Employment ceases to be measured when an employee quits, resigns, or is dismissed.
An employee may receive a maximum of 26 weeks of pay as severance payment. Such payment is made as a lump-sum and is reduced by all applicable deductions.
The University and employee must execute an agreement and general release memorializing the terms and conditions of the severance payment.
STANDING APPOINTMENTS:
An employee on a Standing appointment who is laid off under policy HR97, Layoff Provisions for Staff Employees, will receive a one-time, lump-sum severance payment in accordance with the following schedule:
| Length of Service | Severance Pay |
|---|---|
| Less than 1 year (Probationary) | none |
| 1 to 22 years | 4 weeks* plus 1 week's pay for each year of service |
| Greater than 22 years | 26 weeks* |
*Any time paid, but not worked, during the four-week notice period will be deducted from the severance payment.
FIXED-TERM I APPOINTMENTS:
An employee on a Fixed-Term I appointment who is laid off under policy HR97, Layoff Provisions for Staff Employees, and is not given opportunity to work the four-week notice period will receive a one-time, lump-sum severance payment equal to four-weeks' pay. If the employee is given opportunity to work only a portion of the four-week notice period, the employee will receive the difference for the part of the four-week notice period not worked as severance payment.
HR88 APPOINTMENTS:
The weekly pay rate is calculated by dividing the actual annual salary by 52 weeks.
CROSS REFERENCES:
HR06 - Types of Appointments
HR88 - Full-Time Equivalent Appointments
HR97 - Layoff Provisions for Staff Employees