No. New Jersey does not have a law requiring employers to provide employees with severance pay upon the termination of their employment. Severance is only required if it is promised (either in writing or verbally) by the employer. An employer may offer an employee severance pay as part of a termination package. However, absent any agreement or promise in a handbook or policy, the employer is not required to provide severance pay.
January 11, 2011 – Castronovo & McKinney – Tom McKinney