Severance Pay Plan
The Severance Pay Plan is designed to assist employees whose earnings are unexpectedly canceled by layoff due to a reduction-in-force. Severance Pay Plan provisions for bargaining unit employees will be in accordance with applicable provisions of the collective bargaining agreements. The Employer reserves the right to amend or terminate this Severance Pay Plan at any time and for any reason.
The Benefit
For eligible active employees terminated in a covered reduction-in-force, the Plan provides the benefits shown below, subject to the Maximum Benefits provision, based on annualized Base Pay and Continuous Service at the time of the employee's termination. For active employees who are not members of the IBEW or SCSPA unions, the maximum severance benefit provided by the Plan is 39 weeks of Base Pay with a cap of $50,000. For active employees who are members of the IBEW or SCSPA unions, the maximum severance benefit provided by the Plan will be in accordance with the applicable provisions of their collective bargaining agreements.
| Years of Continuous Service | Severance Benefit |
|---|---|
| First 10 years | 1 week of base pay for every year of Continuous Service |
| Over 10 years through 15 years | 1 1/2 weeks of Base Pay for each year of Continuous Service over 10 and through 15 years |
| Over 15 years | 2 weeks of Base Pay for each year of Continuous Service over 15 years |
See the Severance Pay Plan Summary Plan Description (PDF).
Who's Eligible for the Severance Plan?
Active Employees
All regular employees of Brookhaven Science Associates, LLC (the “Employer”) who work at least 20 hours per week are eligible for the Severance Pay Plan on the first day of active employment. An employee is a “regular employee” if he/she is classified and treated for federal income tax purposes by the Employer as a regular full-time or regular part-time employee of the Employer (as opposed to a temporary, seasonal or casual employee, intern, independent contractor or consultant, agency worker or leased employee), even if the Employer's classification is later determined to be incorrect. A term employee will be eligible for the Plan after 6 months of employment with the Employer of at least 20 hours per week. Employees who are on a temporary appointment or a leave of absence are not eligible for this Plan.
Ineligible Employees
- Employees who are resident undocumented aliens; and
- Employees whose terms of employment are covered by a collective bargaining agreement to which the Employer is a party, unless the collective bargaining agreement provides otherwise.
