Termination With Severance In Massachusetts
Description
Form popularity
FAQ
Unemployment Insurance Notice: Massachusetts employers should provide terminated employees with detailed information about unemployment insurance benefits and how to access them.
Generally speaking, employees who are fired are not offered a severance package—particularly when they are fired for misconduct. However, some fired employees are offered a severance package in the hope that they will “go away” after receiving the package.
What is the downside to severance? The downside to severance includes financial drawbacks such as loss of steady income, potential loss of benefits, and uncertainty about future job prospects, as well as the impact on retirement savings and benefits.
Refuse, quit, or are fired from a job. Receive other income. Attend school or training full-time without Department of Unemployment Assistance (DUA) approval. Become self-employed.