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How to Calculate Severance

According to the Severance Payment Act (CAP 355A) – First Schedule (Section 3), Paragraphs 2 and 3, the amount of the severance payment shall be calculated by referring to a specific outlined starting and ending 104-week period, and counting backwards the number of complete years of employment falling within that period, and allowing, for each complete year of employment, is calculated by counting backwards 104 weeks from the date of termination.

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