Understanding the Federal Severance Offer Severance pay for federal employees is governed by regulations set by the U.S.

In April, U.S. News & World Report noted that around one-quarter of Americans had already lost their jobs as a result of the COVID-19 pandemic. Now, just a few months later, tens of millions of ...

What is a severance package? A severance package is the pay and benefits an employee receives from an employer when their employment contract has unexpectedly ended due to a layoff or job elimination.