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How Is Severance Calculated And When Is It Due?

workweek and time and one­half an employee's regular rate for time worked over 40 hours in a workweek. There is no requirement in the FLSA for severance pay. Severance pay is a matter of agreement between an employer and an employee (or the employee's representative).
 
The Pension and Welfare Benefits Administration (PWBA) may be able to assist an employee who did not receive severance pay required in his or her employment contract.

Other Fair Labor Standards Act (FLSA) FAQs

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