Off Topic legal question

[aragorn1500]

I was released by my employer and told that they are going to give me a severance package. The Vice-President told me that he just doesn't have enough work for me.
What is a fair severance package? I'm supposedly getting paid through the end of the year in one lump-sum payment.

Is this thing taxable and also, I may not be able to get unemployment benefits because my employer was/is a railroad. They are not obligated to pay into the state unemployment fund.

Thanks.

[staggerlee]

couldnt tell you about the unemployment but i was in the same situation and the taxes on the lump sum really hurt!

[aragorn1500]

Originally Posted by staggerlee

couldnt tell you about the unemployment but i was in the same situation and the taxes on the lump sum really hurt!

That's what I'm afraid of.

[bigkarch]

put in for unemployment but a total severance package is taxable....but you can still work during that time