May. Those who sign up, though, are not guaranteed inclusion. Service is determined by the time spent continuously working for the Company since one's most recent hire or rehire date, and is considered in whole year periods. The Team Disney building behind Disneyland Cast members employed for less than one year can apply for payment equal to 10 weeks of their weekly base pay. Those working one to four years may be paid 12 weeks of base pay. Employees of five or more years are eligible eight weeks of weekly base pay plus one week for every full year of service.
Severance payments are taxable and subject to tax withholding requirements.
Life, dependent life, accidental death and dismemberment, and long-term disability insurance coverage end at termination. Employees have to turn in their passes and employee ID cards on their last day. Cast members face a true dilemma. I'm told that in one case it's worth almost a year's pay to the recipient. For some, the park's anti-seniority bias is making the decision easier.