Add Comment Question: I am 60 years old been employed for 33 years. My employer is 65 and wants to close his business to retire . We are a 3 person insurance office and payroll is less than 1 million. What are my entitlements regarding severance ? Answer: My name is David Vaughan and I'm an employment lawyer with Samfiru Tumarkin. Given your age and significant service, you are likely entitled to a total of 24 months' notice of termination and/or severance pay under the common law (this is true even though the payroll is less than $1 million). Please contact our firm to discuss the matter in more detail and determine how we can assist you recover a fair severance package. Your Comment * Your Email * Your Name * Your City Note, your name, city and email is not displayed on the website. It is used to notify you that we have approved your comment.