The Federal Government's Severance Pay Programs Need Reform: Report to the CongressGeneral Accounting Office, 1978 - 44 pages |
Common terms and phrases
active duty age adjustment allowance Air Force American Enterprise Institute basic allowance civilian severance pay concurrent receipt Congress deferred annuity deferred compensation trust Department of Defense disability severance pay eligible service enlisted members Federal civilian employees Federal civilian severance Federal employees Federal Government's Severance Federal personnel Government's Severance Pay involuntarily separated legislation Lump lump-sum amounts Maximum pay allowable ment Method of payment Military Compensation military members military severance pay month's basic pay months nondisability severance pay Officers and enlisted officers separated pay and unemployment pay computed percent proposal Public Law readjustment pay receipt of severance receive severance pay retired pay separated for nonpromotion separated members services severance pay severance pay fund severance pay plan severance pay programs severance payments severance programs termination of employment tion twice fail selection UCFE unem unemployment benefits unemployment compensation unemployment insurance uniformed services severance unsatisfactory performance vesting wages year's basic pay
Popular passages
Page 37 - ... the amount of compensation payable to an individual for any week which begins after March 31, 1980, and which begins in a period with respect to which such individual is receiving a governmental or other pension, retirement or retired pay, annuity, or any other similar periodic payment which is based on the previous work of such individual...
Page 8 - The amount payable is computed on the basis of 2 months' basic pay for each year of active service, not to exceed 2 years' basic pay or $15,000, whichever Is the lesser. The readjustment payment of a member who is released from active duty because his performance of duty has fallen below acceptable standards, or...
Page 4 - ... basic pay at that rate for each year of civilian service beyond 10 years for which severance pay has not been received under this or any other authority ; and (2) an age adjustment allowance computed on the basis of 10 percent of the total basic severance allowance for each year by which the age of the recipient exceeds 40 years at the time of separation. Total severance pay under this section may not exceed 1 year's pay at the rate received immediately before separation.
Page 20 - Basic Pay, Basic Allowance for Quarters, Basic Allowance for Subsistence and the average Variable Housing Allowance.
Page 8 - ... in the best interests of national security, is computed on the basis of one-half of 1 month's basic pay for each year of active service. The maximum amount payable to such members is 9 months' basic pay or $15,000, whichever is the lesser.
Page 4 - That when any employee becomes involuntarily separated from the service, not by removal for cause on charges of misconduct or delinquency, the total amount of his deductions with interest thereon shall be paid to such employee: And provided further.
Page 7 - ... lesser. (2) Regular officers of the Navy and Marine Corps who are found unfit or unsatisfactory in the performance of their duties. Pay computed at 2 months' basic pay for each year of service not to exceed 12 years or $15,000, whichever is the lesser. (3) Regular officers of the Army and Air Force whose performance of duty is substandard or who are found morally or professionally disqualified. Pay is computed at 1 month's basic pay for each year of service, not to exceed 12 years.
Page 26 - ... benefit amount, that is, the amount payable for a week of total unemployment, varies with the worker's past wages within certain minimum and maximum limits. The period of past wages used and the formulas for computing benefits from these past wages vary greatly among the States. In most of the States the formula is designed to compensate for a fraction of the full-time weekly wage; ie, for a fraction of wage loss, within the limits of minimum and maximum benefit amounts.
Page 19 - Code, sections 1331-1337 (formerly title III of the Army and Air Force Vitalization and Retirement Equalization Act of 1948...
Page i - As a matter of equity and fair treatment, an employee covered by a pension plan is entitled, after a reasonable period of service, to protection of his future retirement benefit against any termination of his employment. Vesting validates the accepted concept that employer contributions to pension plans represent "deferred compensation...