WHAT ARE SEVERANCE BENEFITS?

Severance benefits are payments made to employees upon termination of employment caused by events that are beyond their control, such as workforce reductions, plant closings, company takeovers, and mergers.

Severance benefits are sometimes offered to encourage early retirement or voluntary resignation or to discourage terminated employees from suing an employer.

Severance benefits are not required by federal law and are required only by a handful of states. However, most companies offer severance pay.

The payments themselves may be a one-time occurrence or spread over a period of time. These benefits are usually calculated by the employee’s length of service with the company (e.g., one week of severance pay given for every year employed with the company).

David Payab, Esq. from The Law Offices of Payab & Associates can be reached @ (818) 918-5522 or by visiting http://payablaw.com/

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Why Choose Payab & Associates

  • Over 20 years of legal experience
  • Recipient of “People Love US” on Yelp for 3 years
  • Over 400 five-star reviews on Yelp, Google & Avvo
  • Rated A+ with the Better Business Bureau
  • Tens of Millions of dollars recovered for our clients
  • No fees or costs unless we recover money for you
  • We speak Spanish

Client Testimonials

  • The Law Office of Payab & Associates Thank you from the bottom of my heart.
  • The Law Office of Payab & Associates Going with David for help was the best thing I could have done.
  • The Law Office of Payab & Associates I highly recommend Payab and Associates.
  • The Law Office of Payab & Associates There are no words to express my appreciation.
  • The Law Office of Payab & Associates I felt well represented with Mr. Payab as my attorney.
  • The Law Office of Payab & Associates It was really a pleasure having him as my attorney and I greatly recommend him.
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