Retirement with a bonus. When will the severance pay hit the account?

The calculation of severance pay is based on the average salary from the last three months of work, including bonuses and overtime. Local government employees can receive higher severance after a certain number of years, with teachers also benefiting based on their tenure. Severance is only paid once and requires actual termination of employment due to retirement. It is typically paid with the final salary, but internal company rules may vary. If an employer refuses to pay, employees can claim in labor court. Severance for retirement should not be confused with severance for layoffs, as both may be applicable in some cases.