Granville Group Insurance & Financial

Severance Consulting

Financial advice to employees that are receiving severance packages.


We provide financial advice to employees that are receiving severance packages as a result of either retirement or having their employment terminated and are staying in the workforce.  

A severance package may consist of financial benefits in addition to regular severance, such as service awards and pensions. Employees are often faced with the decision on what they should do with their departing employer’s pension plan or group RRSP. These decisions often require sound financial advice as there are numerous tax implications to consider, both short and long term.

Pension plans can often be carry forward or they may be commuted in a lump sum value. Determining what is right for you often requires financial calculations to be completed. And in moving a pension or RRSP from an employer plan, employees will also have to decide on what type of investment vehicle is the right choice for them.

Call us today if you have questions about your package or to learn more about your options.