Browse leave, vacation, sick pay and severance codes.
SVF may describe a full severance amount for exempt staff. Exempt identifies employment classification in this context. It does not mean that severance is exempt from tax.
Employer-specific label: this is a possible interpretation. Confirm the full meaning in the codebook for the employer that issued your statement.
How to read this entry
Use the possible interpretation Full severance payment for exempt staff alongside the column heading. An earnings amount, an employee deduction and an employer-cost memo can have different effects even when their labels look similar.
Example on a pay statement
A $4,000 gross severance payment can produce a smaller bank deposit after withholding and deductions.
Examples illustrate the checking method. They are not a personal tax calculation or a promise of a particular benefit.
What to check with payroll
Check the severance agreement, covered salary period and any separate unused-leave payout.
Compare related entries
Read the leave, vacation, sick pay and severance codes guide to compare the entries in this part of your statement. Use the full pay stub code directory when a second abbreviation is unfamiliar.
Reference and scope
Official guidance on leave, vacation, sick pay and severance codes provides background on the underlying rules. It does not validate an individual employer’s internal abbreviation.