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2016 CBA Tentati ve Agreement Page 71 of 217 b. In the event a paper issued check has been lost, destroyed, mutilated, stolen, or when the payee claims non - receipt of his/her U.S. Treasury check, the Agency will issue a recertified check as early as the third workday and not later than the fifth workday after the employee notifies the Agency. Section 5. The Agency shall issue W - 2 forms and wage and tax statements no later than January 31 of each year. ARTICLE 40 SEVERANCE PAY Section 1. An employee who has been employed for a continuous period of at least t welve (12) months and who is involuntarily separated from employment for reasons other than misconduct, delinquency, or inefficiency and who is not eligible for an immediate annuity shall receive severance pay. Section 2. Severance pay consists of: a. a bas ic severance allowance computed on the basis of one (1) week's base pay at the rate received immediately before separation for each year of civilian service up to and including ten (10) years for which severance pay has not been received under this or any other authority; two (2) weeks' base pay at that rate for each year of civilian service beyond ten (10) years for which severance pay has not been received under this or any other authority; and twenty - five percent (25%) of the otherwise applicable amount for each full three (3) months of creditable service beyond the final full year; and b. the basic severance pay allowance is augmented by an age adjustment allowance consisting of two - point - five percent (2.5%) of the basic severance pay allowance for each fu ll three (3) months of age over forty (40) years. Total severance pay under this Section may not exceed one (1) year's pay at the rate received immediately before separation. If the employee dies before the end of the period covered by payments of severa nce pay, the payments of severance pay with respect to the employee shall be continued as if the employee were living and shall be paid on a pay period basis to the survivor of the employee. Section 3. Upon separation, the Agency shall pay the employee se verance pay at biweekly intervals in an amount equal to his/her base salary. Employees who are eligible for severance payments will be offered the opportunity to elect payment in one (1) or two (2) lump sum payments, rather than on the biweekly basis. Se ction 4. If an employee paid severance pay in a lum p sum under this Article is re - employed by the Government of the United States or the Government of the District of Columbia, at such time that, had the employee been paid severance pay in regular pay peri ods, the payments of such pay would have been discontinued upon such re - employment, the employee shall repay to the FAA an amount equal to the amount of severance pay to which the employee was entitled under this Article that would not have been paid to th e employee by reason of such re - employment.

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