What's the Deal With Severance Packages?

Dear Experts, There have been layoffs and re-organization at my place of employment. The first wave of such actions was a few months ago. There are now talks of one that would include me. I understand if I am laid off, I will get severance. If they decide my position is no longer needed and I choose not to apply for any of the available positions, would I still be entitled to severance? Here is how our CAREEREALISM-Approved Experts answered this question on Twitter:Q#468 Read company severance policy. Questions to ask manager: Do I have to apply? Is a job guaranteed? Is this really a reassignment? (@juliaerickson) Q#468 Severance is a company-centric policy, so it's hard to say what you would/wouldn't get. Talk with your mgr! (@beneubanks) Q#468 Severance is at the company's discretion. They'll state options. Yes, may say 'no-severance' if turn down job. (@jtodonnell) Our Twitter Advice Project (T.A.P.) is no longer an active campaign. To find an answer to the above question, please use the "Search" box in the right-hand column of this website.