One would have to wonder why, when Christy Clark is seeking every bit of media attention she can get,that she missed the opportunity to let British Columbian's know about her latest bit of financial largesse. I am not sure however that you and I would find it in keeping of what we would think is of benefit or help to BC families.
Many of you are likely aware that if you are not part of a union, with a collective agreement in place, that if you are let go, the Employment and Standards Act mandates employers to provide employees with a small amount of money (severance) to transition them to their next job.
Here's how it works ...
- After three months - one week's severance
- After 12 months - two weeks severance pay
- After three years - one week of severance pay for each completed year of employment, to a maximum of eight weeks
Note ... one week of pay is calculated by totaling the employee’s wages, excluding overtime, earned in the last eight weeks in which the employee worked normal or average hours; and the dividing that total by eight.
Given this information, I am sure that you would very quickly be able to determine the amount of severance you would receive if you were to be let go today.
