§ 550.704 - Eligibility for severance pay.

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To be eligible for severance pay, an employee must:

Be serving under a qualifying appointment;

Have completed at least 12 months of continuous service, as described in § 550.705; and

Be removed from Federal service by involuntary separation.

An employee is not eligible for severance pay if he or she:

Is serving under a nonqualifying appointment;

Declines a reasonable offer;

Is serving under a qualifying appointment in an agency scheduled by law or Executive order to be terminated within 1 year after the date of the appointment, unless on the date of separation, the agency's termination has been postponed to a date more than 1 year after the date of the appointment, or the appointment is effected within 3 calendar days after separation from a qualifying appointment;

Is receiving injury compensation under subchapter I of chapter 81 of title 5, United States Code, unless the compensation is being received concurrently with pay or is the result of someone else's death; or

Is eligible upon separation for an immediate annuity from a Federal civilian retirement system or from the uniformed services. Such an employee is ineligible even if all or part of the annuity is offset by payments from a non-Federal retirement system the employee elected instead of Federal civilian retirement benefits or disability benefits received from the Department of Veterans Affairs.

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§ 550.703 - Definitions.

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§ 550.705 - Criteria for meeting the requirement for 12 months of continuous employment.