Howard Levitt: Removing pension from severance can be costly


Reasonable notice is not a blunt instrument measured only in weeks of base pay. It encompasses everything the employee would have earned or enjoyed: health and dental benefits, bonuses, commissions, stock plans, car allowances, pension accrual — the works. If the notice period is 12 months, the entitlement is not 12 months of salary. It is 12 months of employment, monetized.



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