Legal Question in Employment Law in New Jersey

Severance or Separation Pay

If you have recieved notice from your company that you are being separated from the payroll (laid-off), and your company funds the severance pay from their pension fund, do the same rules that apply to pensions, apply to the severance pay? i.e. will you incur any penalties if you cash that check ? 10%?? Please advise.

Thank You


Asked on 4/26/04, 1:02 pm

1 Answer from Attorneys
Anthony Park Anthony S. Park, PLLC

Re: Severance or Separation Pay

Need to know more details about pension fund. Can you ask your compensation/benefits person in your Human Resources dept?

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Answered on 4/26/04, 1:42 pm


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