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Article:

10 Things To Know About Severance Packages

I'm over 40, how does that change things?

People over 40 are a protected class which means you are covered by the Age Discrimination Employment Act (ADEA). As part of this federal law, people over 40 have 21 days to consider the general release form and have a 7-day period in which they can revoke the release. To comply with legal requirements, employers must provide information concerning the job titles and ages of the individuals affected by the layoff as well as the ages and job titles of other employees not selected. This is an opportunity for employees over 40 to confirm that age was not a factor in their termination.