Labour Law

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Severance Pay

Question: What does this mean… It is proposed that one week remuneration for each completed year of service be paid as severance pay. I earn R5500 and have worked for the company for 1 year and 4 months

Answer:

This refers to retrenchment so you are most likely being retrenched. By law you should be paid one months notice and 1 weeks salary per year’s service completed. You will be due circa R6770 in severance. The 4 months falls away as this is not a completed year.

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Post Published: 02 March 2010
Author: Craig Hardie
Found in section: Featured Questions

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One Response to “Severance Pay”

  1. jacques says:
    July 13, 2010 at 4:44 pm

    I have been working at a company witch is under liquidation. I worked there for 5 and a half years, and was told only that the company is closing down. Am i not supposed to get severance pay???

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