Severance Pay: 5 Years of Service, $1,000/Week
With 5 years of service, 1 week of pay per year, and $1,000 weekly pay, the estimated severance is $5,000.
How to use this tool
- Enter years of service, weeks of pay per year served and weekly gross pay in the fields above.
- Results update instantly as you type — or click Calculate.
- Read your estimated severance pay and the full breakdown beneath it.
Estimate your severance package based on 5 years of service at the standard 1 week per year formula.
Frequently asked questions
- Is employers required to pay severance?
- Federal law (FLSA) does not require severance pay. However, your employment contract, collective bargaining agreement, or company policy may obligate the employer to pay severance.
- Does severance affect unemployment benefits?
- In many states, receiving severance pay can delay the start of unemployment benefits or reduce the benefit amount. Rules vary by state.
- Can I negotiate a higher severance?
- Yes, especially for senior employees. Common negotiating points include additional weeks of pay, extended health benefits, accelerated vesting of equity, and outplacement services.