Add Comment Question: I'm turning 65 in July.but I plan to retire in July 2016.Am I under any legal protection from beeing layed off or fired within coming 6 0r 18 Months.And what would be my severance pay. Answer: The company is allowed to let you go as long as they don't let you go because of your age. The amount of severance you would be owed can be calculated here: www.severancepaycalculator.com . If that happens, please call us to discuss. Your Comment * Your Email * Your Name * Your City Note, your name, city and email is not displayed on the website. It is used to notify you that we have approved your comment.