separation pay

uncountable

Money paid as compensation to someone whose employment has ended.

Japanese Meaning

退職手当 / 離職手当

After twelve years at the company, she received separation pay when her position was eliminated.

その会社で12年間勤めた後、彼女は職がなくなったときに退職金を受け取りました。

Sense（1）

Money paid as compensation to someone whose employment has ended.