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The improvements brought by the first option include removing obstacles to labor market flexibility, enhancing access to good jobs for marginal groups, strengthening worker protection by removing the nonperformance problem of severance pay, and enhancing pension support (under UISAs, unused savings are merged with pension accounts).
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The introduction of a UI program provides an ideal opportunity to re-balance job and worker protection by relaxing overly restrictive severance pay systems, a common problem among developing countries (for international comparisons of the generosity of severance pay, see Holzmann and Vodopivec2012).
In the tradition of the Midwestern remake, Carrie escapes to the great city of severance, hoping Manhattan's frenzy will shake her loose from her problems and from the parochial pressures of keeping up appearances.
Each gets six months of severance.
Require stockholder approval of severance arrangements.
Ms. Ulery received six months of severance.
The effect of severance is startling.
New Mexico, $156.3 million of severance tax revenue bonds.
The offer of severance tipped them over the edge.
All employees have been assured four weeks of severance pay.
What kind of severance pay are we talking about?
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com