- 1). Determine the number of years of service you have working for a company. For example, assume you have worked for the company for 20 years.
- 2). Determine the number of weeks of severance pay offered per year of service. For example, assume the company offers two weeks of severance pay per year of service. Continuing the same example, 20 x 2 = 40. This figure represents the number of weeks of pay you can expect to receive as severance pay from the company.
- 3). Determine your current annual salary. For example, assume you currently earn $75,000 per year.
- 4). Divide your current annual salary by 52. Continuing the same example, $75,000 / 52 = $1,442.31. This figure represents your weekly salary.
- 5). Multiply your weekly salary by the number of weeks of severance pay you can expect to receive from the company. Continuing the same example, 40 x $1,442.31 = $57,692.31. This figure represents the severance pay you should expect to receive from the company based on your years of service.
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