Your employer has asked you to explain the difference between severance pay that Ontario employees and employees covered under the Canada Labour Code may be entitled to by law and a retiring allowance (often referred to as severance pay) that is not covered under specific legislation. He is confused because the terms retiring allowance and severance pay seem to be the same thing. Research these two topics and draft a memo outlining: a) who is eligible for a retiring allowance, b) who is eligible for severance pay under Ontario legislation and the Canada Labour Code specifically, and c) how severance pay would be calculated for qualifying employees in Ontario and under the Canada Labour Code. Be sure to reference the source(s) of your information.