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I have been terminated from my job. I met with my employer today and he is retiring rather suddenly for something he did that voided his ability to continue operating his insurance agency. I am 60 years old and have worked for him for 33 years. We are a 3 staff office and payroll is well under 1million. I explained to him that I have been told I am entitled to 24 months severance and 8 weeks termination pay. He agreed to the 8 weeks termination pay and offered me 33 weeks pay for each year worked . I advised him to speak to a lawyer to find out his obligations. I have not received a termination letter I have. It signed any documents. I have 2 job interviews next week. I’d like to know if I accept the termination pay or another job will that hinder my case? Thank you
My name is David Vaughan and I'm an employment lawyer with Samfiru Tumarkin. You are correct that your severance entitlement (including the notice provided to you) is likely 24 months. However, any income you earn during that period would reduce what your employer owes you (this concept is called mitigation). Therefore, securing a new job can certainly impact your severance. I recommend that you contact our firm to discuss the matter in more detail and determine how we can assist you maximize your severance entitlements.