Does Health Insurance Consider Severance Pay As Income? Another important component of a severance package is the continuation of health benefits. According to the Consolidated Omnibus Budget Reconciliation Act (COBRA), employers must offer access to their health insurance plan for 18 months after termination. Is severance pay taxed like income? Severance pay is taxed by
Can Employee Wages Be Discharged In Bankruptcy? Can employee wages be discharged in bankruptcy? Employee claims for all unpaid wages and other benefits take priority over other unsecured claims. The trustee or committee assigned to your company’s bankruptcy case is dedicated to paying out all unpaid wages prior to the date the bankruptcy was filed.
Do I Get Paid On My Last Day Of Work? Do I get paid on my last day of work? There is no federal law requiring employers to pay you on the last day worked, but some states may require that you be paid immediately. 2 Some employers may opt to pay you immediately, especially