Browse leave, vacation, sick pay and severance codes.
SVN may distinguish severance paid to nonexempt employees. The amount comes from the applicable agreement and rules; the code does not mean all hourly employees receive the same formula.
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 Severance for nonexempt employees 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
An agreement paying 40 hours at $25 yields $1,000 gross severance, separate from final wages for hours worked.
Examples illustrate the checking method. They are not a personal tax calculation or a promise of a particular benefit.
What to check with payroll
Match the calculation to the agreement and check whether final wages and leave payouts are separately itemised.
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.