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If an employee retires does the severance pay and benefits coverage end?

April 26, 2017Benefits coverage employee pay retires severance

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If an employee retires does the severance pay and benefits coverage end?

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Yes, all severance pay and benefits will stop on the last day of the month prior to when the employee’s retirement benefit from STRS or OPERS is paid. For example, if an employee receives a check from OPERS on October 1, for the month of October, severance pay and benefits will terminate on September 30.