Severance Pay(redirected from Severance package)
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Related to Severance package: severance agreement, severance pay
in Soviet labor law the sum of money to be paid in termination of a labor contract in the cases provided for by law. Severance pay in the amount of the average two weeks’ wage is to be paid at termination of the labor contract if termination is caused by conscription or entrance of the worker or employee into military service or by refusal of the worker or employee to be moved to another location together with his enterprise, institution, or organization. Severance pay is also due upon cancellation of the labor contract on the initiative of the administration in the cases of liquidation of the enterprise, institution, or organization; reduction of the staff or of the number of workers; obvious unsuitableness of the worker or employee to fulfill the under-taken service or to perform his work for reasons of insufficient qualification or of health; or reinstatement to the work of a worker or employee who had previously done the work. Severance pay in the above, amount is to be paid also on premature cancellation on the request of the worker under contract for work for a fixed term in connection with violation by the administration of labor legislation or of the collective or individual labor contract. A smaller amount of severance pay is set for seasonal or temporary workers. To persons simultaneously holding several jobs severance pay is due only in case of dismissal from the main duty.
In many cases, such as cancellation of the labor contract on the wish of the worker or violations of labor discipline, no severance pay is due.
V. I. NIKITINSKII