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Prairie State Wire

Saturday, November 2, 2024

Curbing Golden Parachutes: How the BetterGov Policy Team's Government Severance Pay Act became law

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Singed by Gov. Bruce Rauner and drafted by the Better Government Association, the Government Severance Pay Act limits the severances of government employees. Executives terminated for misconduct will no longer receive severance. Severance packages are also now limited to 20 weeks’ salary for other executives.

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