FedImpact: Candid Insights for Your Federal Retirement

[Reduction in Force] Part 13: Will I Get Severance Pay and How is it Calculated?

Listen Later

ProFeds Founder, Chris Kowalik, explains the rules surrounding severance pay and who can expect to receive it if they are RIF'ed.

KEY TAKEAWAYS:

  • Who is eligible to receive severance
  • How to calculate approximate severance amount
  • How severance pay is paid out

Additional resources:

Link to full RIF training series: FedImpact.com/RIF-training-series

LINK to severance pay calc on OPM: https://www.opm.gov/policy-data-oversight/pay-leave/pay-administration/fact-sheets/severance-pay-estimation-worksheet/

LINK to "Basic Pay" definition: https://www.ecfr.gov/current/title-5/part-550/section-550.703#p-550.703(Rate%20of%20basic%20pay)

Local workshop locations and dates: FedImpact.com/attend

To be introduced to a local financial professional: FedImpact.com/request-to-meet

...more
View all episodesView all episodes
Download on the App Store
FedImpact: Candid Insights for Your Federal RetirementBy Chris Kowalik, ProFeds
  • 4.7
  • 4.7
  • 4.7
  • 4.7
  • 4.7

4.7

89 ratings

More shows like FedImpact: Candid Insights for Your Federal Retirement

View all
The Ramsey Show by Ramsey Network

The Ramsey Show

39,059 Listeners

Jill on Money with Jill Schlesinger by Audacy

Jill on Money with Jill Schlesinger

1,945 Listeners

The Shawn Ryan Show by Shawn Ryan

The Shawn Ryan Show

44,527 Listeners

Haws Federal Advisors Podcast by Dallen Haws

Haws Federal Advisors Podcast

89 Listeners

The Megyn Kelly Show by SiriusXM

The Megyn Kelly Show

40,692 Listeners