Severance Pay (TFR): Understanding Your Rights

Severance Pay (TFR) is the amount due to an employee upon contract termination, playing a key role in asset division between ex-spouses.

What is Severance Pay (TFR)?

Severance Pay TFR, commonly known as a severance package, is a portion of an employee's salary that is paid out at the end of their employment contract. It accrues monthly and is proportional to the salary received during the years of service.

Relevance for Single Parents

For single parents, Severance Pay TFR is critically important during separation or divorce proceedings. The law stipulates that an ex-spouse if not remarried and entitled to alimony/glossary/alimony has the right to a portion of the TFR received by the other, equal to 40% of the total attributable to the years when the employment coincided with the marriage. This serves as a vital financial resource for the family's stability after the relationship ends.

Advance Payments and Entitlement Shares

In specific cases, a parent may request an advance on their Severance Pay TFR up to 70% to cover extraordinary expenses, such as purchasing a first home or significant medical costs. Furthermore, the amount received as severance can influence the revision of alimony payments, effectively increasing the paying spouse's financial capacity.