Compensation Analysis and Research Services

 Français || Benefits and Working Conditions ||  Previous ||  Next

Severance Pay Plans and Retirement Allowances

Severance Pay Plans and Retirement Allowances
  All DE MD ND NU OP PH PS SW VM
  #Est. #Inc. #Est. #Inc. #Est. #Inc. #Est. #Inc. #Est. #Inc. #Est. #Inc. #Est. #Inc. #Est. #Inc. #Est. #Inc. #Est. #Inc.
Total 841 129,311 * * 32 321 532 2,194 816 107,470 611 8,674 468 2,978 352 1,603 573 6,046 * *

Additional pay/paid leave upon termination of employment or retirement

Yes 761 110,794 * * 31 303 461 1,885 679 91,117 556 7,780 428 2,628 340 1,564 516 5,506 * *
No 183 18,498 - - * * 71 309 155 16,353 55 894 40 350 11 21 57 541 * *

Compensation formula

Uniform number of days of pay per year of service 185 32,385 * * 17 193 131 708 152 26,520 148 2,419 149 857 88 276 137 1,402 * *
Percentage of earnings - - - - - - - - - - - - - - - - - - - -
Varies 49 3,451 - - * * 12 47 49 2,868 16 285 7 111 4 11 12 105 - -
Other formula 608 74,959 - - 13 87 318 1,129 502 61,729 391 5,075 272 1,660 248 1,278 367 3,999 * *

Compensation formula - Uniform number of days of pay per year of service

4 9 8,833 - - - - 9 201 7 7,590 9 732 5 45 * * 9 252 - -
5 72 14,480 - - 16 175 55 242 66 12,205 47 770 41 272 37 180 38 629 * *
7.5 * * - - - - - - * * * * - - * * - - - -
10 91 8,997 * * - - 67 266 65 6,701 91 910 90 516 48 81 90 521 - -
15 to 20 14 63 - - * * - - 13 20 - - 13 25 - - - - - -

Compensation formula - Other formula

$100 per year of service with a minimum of 10 years of service * * - - - - * * - - - - - - - - - - - -
$300 per year of service to a maximum of $7,500 with a minimum of 10 years service 12 34 - - - - * * 12 30 - - - - - - * * - -
$3,000 after 10 years of service, plus an additional $300 for each year of service thereafter up to a maximum of $7,500 6 6 - - - - - - 6 6 - - - - - - - - - -
1 week of pay for each 1,948.8 hours worked 61 768 - - - - 61 116 - - 61 233 61 141 - - 61 278 - -
1 week of pay for every 2 years of service to a maximum of 20 weeks 87 11,111 - - 7 60 49 175 87 9,469 65 815 43 194 22 63 64 335 - -
2 weeks of pay per year of service to a maximum of 16 weeks 13 671 - - - - - - 13 671 - - - - - - - - - -
2 weeks of pay per year of service to a maximum of 20 weeks 31 784 - - - - 31 25 - - 31 191 31 99 31 99 31 369 - -
2 weeks of pay per year of service to a maximum of 52 weeks 10 108 - - - - 10 11 - - 10 80 5 11 - - 5 6 - -
Formula for calculation: 1) Employee is given and option of early retirement: 2 weeks per year of service to a maximum of 52 weeks. 2) Voluntary exit within 30 days of notice of lay-off: 2 weeks per year of service to a maximum of 52 weeks. 3) Resignation within 30 days of notice: 2 weeks per year of service to a maximum of 16 weeks plus tuition fee reimbursement to a maximum of $3,000.00 4) Resignation after 30 days of notice: 4 weeks of salary plus tuition fee reimbursement to a max of $1,250.00 6 95 - - - - 6 10 - - 6 55 - - 6 5 6 25 - -
In case of lay-off - If employee accepts early retirement 2 weeks pay for each year of service up to 52 weeks. Upon notification of long-term layoff if employee resigns within 30 days after notice 2 weeks salary per yr of continuous service to a maximum of 16 weeks pay plus $3000 for tuition fees. If employee resigns later than 30 days after notice separation allowance is 4 weeks of salary, plus $1,250 for tuition fees 10 1,530 - - - - - - 10 1,530 - - - - - - - - - -
Lump sum equivalent to 6 months salary 264 31,568 - - - - 120 540 250 24,280 169 2,752 92 734 172 1,068 146 2,194 - -
Upon notification of long term layoff, if employee resigns within 30 days, then employee will receive 2 weeks per year of service 11 760 - - 6 23 6 12 11 110 11 278 11 116 - - 11 220 - -
Upon notification of long term layoff, if employee resigns within 30 days, then employee will receive 2 weeks per year of service to a maximum of 16 weeks pay plus $3000 for tuition fees. If employee resigns later than 30 days after notice; allowance is 4 weeks of salary, plus $1250 for tuition fees. 9 455 - - - - - - 9 455 - - - - - - - - - -
Upon notification of long term layoff, if employee resigns within 30 days, then employee will receive 2 weeks per year of service to a maximum of 16 weeks pay plus $3000 for tuition fees. If employee resigns later than 30 days after notice; allowance is 4 weeks of salary, plus $1250 for tuition fees. If employee accepts early retirement, he/she will receive 2 weeks pay for each year of service up to 52 weeks 63 10,306 - - - - 18 120 40 9,165 29 529 23 197 11 25 29 269 - -
Upon notification of long term layoff, if employee resigns within 30 days, then employee will receive 2 weeks per year of service to a maximum of 16 weeks pay. If employee resigns later than 30 days after notice; allowance is 4 weeks of salary 51 13,706 - - - - - - 51 13,632 - - - - - - 5 74 - -
Upon notification of long term layoff, if employee resigns within 30 days, then employee will receive 2 weeks per year of service to a maximum of 52 weeks 11 1,815 - - - - - - 11 1,815 - - - - - - - - - -
Upon notification of long-term layoff a nurse who elects an early retirement option shall receive following completion of the last day of work a retirement allowance of two weeks salary for each year of service to a maximum ceiling of 52 week's salary 5 233 - - - - - - 5 233 - - - - - - - - - -
Varies based on position length of service and age 6 563 - - - - 6 116 6 139 6 122 6 168 6 17 - - - -
Other * * - - * * - - * * * * - - - - * * * *

Maximum applicable

Maximum number of days 165 23,497 * * 16 192 121 505 133 18,913 138 1,680 144 812 85 242 128 1,150 - -
Maximum amount in dollars - - - - - - - - - - - - - - - - - - - -
Maximum not applicable 22 8,888 - - * * 10 204 20 7,606 10 739 5 45 * * 9 252 * *

Maximum number of days

100 * * - - * * - - - - - - - - - - - - - -
125 to 150 60 14,438 - - 14 173 54 239 56 12,193 48 771 41 272 37 161 38 629 - -
200 to 260 103 9,040 * * - - 67 266 77 6,720 90 909 103 541 48 81 90 521 - -
520 * * - - * * - - - - - - - - - - - - - -

Allowance paid for resignation

Yes 79 2,740 - - * * 50 178 5 733 67 854 43 194 23 92 67 680 * *
No 726 98,153 * * 16 129 368 1,560 649 81,579 456 6,453 371 2,307 298 1,403 432 4,717 * *

Allowance paid for lay-off

Yes 690 95,269 * * 30 302 410 1,565 611 78,006 518 6,620 396 2,440 314 1,461 468 4,863 * *
No 71 15,126 - - * * 45 318 67 12,841 37 1,160 32 188 26 102 47 515 - -

Allowance paid for dismissal for cause

Yes 12 9 - - * * - - 11 5 - - - - - - - - - -
No - - - - - - - - - - - - - - - - - - - -

Allowance paid for death

Yes 120 26,749 - - 23 258 78 441 116 23,140 90 1,663 58 323 36 161 72 755 * *
No 634 80,636 * * 8 45 365 1,422 545 64,887 453 5,997 370 2,306 297 1,397 430 4,577 * *

Allowance paid for incapacity

Yes 4 651 - - * * - - * * * * - - * * * * - -
No 727 99,537 * * 16 126 419 1,740 638 81,268 523 7,313 414 2,500 322 1,487 496 5,092 * *

Allowance paid for incompetence

Yes 22 1,264 - - * * 6 41 21 624 10 206 6 110 4 15 7 264 - -
No 714 98,888 * * 17 127 413 1,697 625 81,076 514 7,101 408 2,390 318 1,481 491 5,006 * *

Allowance paid for retirement due to disability

Yes 180 35,217 - - 22 257 115 619 174 30,091 124 2,340 91 511 61 262 117 1,130 * *
No 574 72,168 * * 9 46 328 1,244 487 57,937 419 5,320 337 2,118 272 1,297 385 4,202 * *

Allowance paid for retirement
Yes 91 23,927 - - 18 202 77 448 83 20,306 58 1,525 47 317 40 199 54 923 * *
No 671 83,857 * * 13 101 372 1,417 584 67,991 485 6,134 381 2,311 294 1,360 449 4,538 * *

Allowance paid for early retirement
Yes 52 16,173 - - * * 10 202 48 14,624 12 777 6 46 * * 17 471 - -
No 712 83,979 * * 15 106 408 1,536 598 67,076 512 6,530 408 2,455 318 1,466 481 4,799 * *

 Previous ||  Next