BWXT Y•12 - A BWXT/Bechtel Enterprise
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Severance Plan
Severance Pay is money paid by the Company to some workers whose employment ends involuntarily. It is paid in recognition of their years of service and the effort these employees put into the Company.

Highlights

The Severance Plan …

...Can Help Sustain You Financially Until You Find a New Job
Severance pay isn’t a benefit that companies are required to offer employees.  But it certainly can help to provide a financial cushion, making the transition between jobs easier and less stressful.

...Recognizes Your Years of Company Service
Employees with a longer history with the Company receive a larger amount of severance pay.  The severance pay you may receive is directly linked to your length of service with the Company.

...Is Paid in Addition to Other Benefits
In addition to severance pay, there are other benefits that may help your financial situation while you are between jobs.  When you leave the Company, you may be paid for your earned but unused vacation time.  You may be eligible for unemployment benefits as well.