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Severance pay calculator
Estimate severance from your weekly pay, years of service and your own policy's weeks per year. Enter your weekly pay, how long you have worked there and the severance formula in your offer or policy. See how many weeks of pay that gives and the total amount before tax.
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Updated
Your results
- Weeks = years of service times weeks per year, kept between the minimum and maximum weeks; severance pay = weeks times weekly pay.
- The weeks per year, minimum and maximum are your own policy's figures, so check your offer, contract or handbook for the exact terms.
- All figures are gross pay before tax and deductions, in the currency you entered.
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How to use it
- Enter your weekly pay. Type your gross pay for one week. If you know only a yearly salary, divide it by 52, or by the number of weeks your employer pays in a year.
- Add your years of service. Enter how long you have worked for the employer. Part years count too, so six and a half years is 6.5, unless your policy only counts full years.
- Copy your policy's formula. Enter the weeks of pay per year of service from your offer, contract or handbook, plus any minimum or maximum number of weeks it sets.
- Read your weeks and pay. The results show the weeks of severance after the minimum and maximum are applied, and the total severance pay before tax and deductions.
Example
What was entered
- Weekly pay
- 1,500.00
- Years of service
- 6 years
- Weeks of pay per year of service
- 2 weeks
- Minimum weeks
- 4 weeks
- Maximum weeks
- 26 weeks
The result
- Weeks of severance
- 12.0
- Severance pay (in your currency)
- 18,000.00
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Frequently asked questions
How does the calculator work out severance pay?
It uses a weeks-per-year formula: a number of weeks of pay for each year of service, with an optional minimum and maximum. It multiplies your years by the weeks per year, keeps the result between the minimum and maximum you enter, and multiplies the weeks by your weekly pay.
Is an employer required to pay severance?
The US Department of Labor says there is no requirement in the Fair Labor Standards Act (FLSA) for severance pay, and that severance pay is a matter of agreement between an employer and an employee or the employee's representative. That is why this calculator uses the figures from your own offer, contract or policy.
Does the result include tax?
No. The amount is gross pay, before any tax or deductions, in the currency you entered. What you receive depends on your own tax situation and how the payment is made, so read the separation offer and check the final payslip.
Can I use it to check a severance offer?
Yes. Enter the terms the offer describes and compare the result with the amount in the letter. If the figures differ, ask how the employer counted your years, which pay it used as weekly pay, and whether a minimum or cap applies.
Is my information stored anywhere?
No. The calculator runs in your browser and nothing you type leaves your device. It is free and you do not need an account, so you can try different offers and policy terms as often as you like.