This is in employers code
Severance Package
Severance packages can comprise of a number of different payments or benefits made in relation to the termination of a person’s employment, which include (but are not limited to):
lump sum severance payments
redundancy compensation
termination payments on ground of business efficiency
early access to, and/or enhancement of, pension benefits (in respect of this the
value is defined as the capital cost to the Council of the early release /
enhancement).
salary paid in lieu of notice
holiday pay or any bonuses, fees or allowances paid.
lump sum severance payments
redundancy compensation
termination payments on ground of business efficiency
early access to, and/or enhancement of, pension benefits (in respect of this the
value is defined as the capital cost to the Council of the early release /
enhancement).
salary paid in lieu of notice
holiday pay or any bonuses, fees or allowances paid