Is severance paid in one lump sum? Or is it like a paycheck every other week? Ty
4 replies (most recent on top)
@OP Do we get full health benefits for 60 days?
Do we receive medical coverage for 2 months at least?
@a1 On the positive side, receiving it as a lump sum means less chance of it interfering with unemployment. Some states, including Texas, (can?) treat the severance checks as continued wages, so you don't receive unemployment benefits.
Lump sum, no option for any other payment. Su-ks because it likely throws you into higher tax bracket depending on amount.