Employment Law Questions? Ask an Employment Lawyer.
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If you did not have a contract of employment stating that you could only be terminated for cause, your employment was at will and legally could be terminated without a cause. That would mean that terminating you based on the SR's false statements wouldn't be illegal and would form no basis for a lawsuit.
Then you'd only have a basis to sue if you can prove that the actual reason for your termination was your race, religion, gender, age, disability or recent medical leave use (FMLA).
If you don't have a contract and can't prove discrimination based on one of those factors, then you really have no reason to refuse the severance because you couldn't sue them successfully anyway.
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