Does anyone know when we get paid severance?
3 replies (most recent on top)
Maybe you should read the letter you received when you were notified. It spells it all out in the second paragraph and all the details on COBRA etc are in the FAQ document.
How is severance structured? I've read an older post that said it was 2 weeks for every year of service. Is this true?
You should begin receiving severance checks two weeks after your last regular check arrives. The first one will be larger than normal if you had any prorated vacation time remaining. It will also include extra money since you will need to pay your health insurance directly going forward. You will receive information from cobra about health insurance by the end of the month. My last day was early May, and that was how it went down for me