Thread regarding Optum layoffs

Severance

I was laid off on 6/17/2020. Has anyone received the severance check yet? Unemployment is sooo slow and bills don't stop.

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Post ID: @OP+15QAKvWu

13 replies (most recent on top)

California former employee discrimination lawsuit: Regena Bryant vs United and OptumRx. Made it all the way to trial but she lost.

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Post ID: @gxoo+15QAKvWu

Your lucky if you got severance. I received no severance when I got cut at United Health Group. Although there was a policy that said my grade level was paid 3 months severance when layed off. I've heard others on this board say they didn't get any severance either. Employment attorneys in Minnesota say they don't take UHG employment cases (no matter how sound they are) because of how aggressive the UHG attorney's are and there is rarely a case where the employee seeks justice because of UHG constant appeals that wipe out employee savings. Where are people finding there are UHG employment lawsuits or is that just something made up?

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Post ID: @9zuo+15QAKvWu

@4kcf+15QAKvWu "Anyone know how severance impacts unemployment benefits in Minnesota?"

I believe you can collect unemployment until you receive your severance payment. Once you get your severance, it's considered income and you wouldn't be eligible for unemployment again until your severance runs out. Payout for PTO time is also considered as income.

The max anyone can get each week from MN unemployment is around $717 regardless of how much you normally earned. This doesn't take into account any extra unemployment payouts that are being offered due to covid or stimulus.

MN unemployment is considered taxable income under both federal and state taxes. You can choose whether or not to have taxes taken out of your unemployment check each week. If you choose to have your taxes taken out, the amount of your weekly unemployment check will be reduced. If you don't have taxes taken out, you may owe money on your taxes next year.

If you've already been let go, set up your MN unemployment account. There's a lot of info you need to provide in order to set up the account. The application and the process can take a week or two to verify your eligibility for unemployment.

You can check out the benefits estimator the on UIMN site: https://www1.uimn.org/ui_applicant/benefits/monetary/premonetary/calculatePremonetary.do

Learn about MN Unemployment Insurance: https://www.uimn.org/applicants/index.jsp

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Post ID: @6qhb+15QAKvWu

Anyone know how severance impacts unemployment benefits in Minnesota?

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Post ID: @4kcf+15QAKvWu

Severance is based off of complete years of service, so if you worked for 6 years and 9 months, you only qualify for 6 years. The minimum severance payout is 2 weeks of base pay for 2 years of service or less. Some people that were let go last year got 3 weeks, but it sounds like 2 weeks is what they're going with now. You're maxed out at 26 weeks of severance regardless of your pay grade or how long you worked for the company. People that have been with the company for a longer time definitely get jacked with the severance payout.

There are 3 tiers for severance payouts: Grades 20-26, Grades 27-28, and Grades 29 and up. Grades 20-26 are paid out less than the others. Grades 29+ max out at 26 weeks of severance once you're at 18+ years of service.

Start using up your PTO time because they'll scam you out of that too. In many states, employers are not required to pay you for unused PTO time. Some states like California require all earned vacation time to be paid out to employees. Some states like Minnesota only require a pay out for up to 40 hours.

Take the PTO that you've earned for doing the work of several people, working 10+ hour days and working weekends. The layoff lists are decided a couple months in advance so even if you're busting a– now, you could still be on the layoff list for August or September.

The company doesn't care about you. You're expendable and just a number on a balance sheet. Laying people off is their way to keep their million dollar bonuses and keep the stock price artificially high.

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Post ID: @2azh+15QAKvWu

tyvm... My employer was acquired twice in the last few years, the first layoffs were given 2 wks/year of service, if that's the rate Optum gives I'll be jacked out of two weeks (gonna hit 14 years soon). Now that's the assumption I'm making, maybe I'll be around a little longer than expected but I'm not banking on it (and not really dreading it, been in this sector too long - and we know how they'll treat the producers when executive bonuses are at risk.

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Post ID: @2iyg+15QAKvWu

Severance is capped at 26 weeks. So if you are a really long-term employee, they will rip you off. No surprise. This happened to three employees in my department this year.

UHG posted a thing on LinkedIn about some guy hitting his 50 year anniversary. I couldn't help but wonder how many more 50 year employees there might be if they hadn't laid so many long-time employees off. Of course, this was a man. All the longtimers I knew being laid off were women. Just a coincidence, I'm sure.

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Post ID: @2lgv+15QAKvWu

Is there a cap on the severance compensation? I know approximately when we'll be relieved of our jobs, but if a cap prevents me from getting paid for my full employment time I may just tell them to kiss it & leave them w/o notice.

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Post ID: @2jig+15QAKvWu

I was laid off effective 6/17 ad well. I received my severance 6/26. Not sure why it happened so fast but it did.

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Post ID: @1hin+15QAKvWu

I was laid off previously, on a day halfway between paydays. I turned my paperwork in promptly. I got my half a paycheck on the next payday and my severance on the payday after that.

I thought I had the amount of severance figured out based on the standard tax rate that they mentioned in the layoff call, but I forgot to take the Social Security deduction into account, so watch out for that if you are trying to calculate how much your check will be.

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Post ID: @bjh+15QAKvWu

PTO is included with the final paycheck received on the last day of employment. Any withheld stock funds for 2020 would be refunded on check since employment terminated prior to 6/30 and purchase date 7/1. Severance is paid out 2-3 pay periods after receipt of your signed Severance agreement which cannot not be signed before your last day of work and return company property. More detailed information is included with the layoff notice. It is very important to read the Severance agreement in it's entirety to make sure you fully understand the terms you are agreeing to and don't do anything to forfeit your Severance pay.

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Post ID: @sxh+15QAKvWu

Haven’t received any unemployment or severance yet

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Post ID: @ayv+15QAKvWu

Severance is paid out 2-3 pay periods AFTER your official last day of employment. The severance payment is direct deposited into your account on a normal UHG pay day. This deposit will also include a payout for any PTO if your state requires PTO to be paid out to you.

You'll also get another deposit several weeks after your severance payout for any money that was withheld from your paycheck for the employee stock purchase program. They have to give this money back to you since you're no longer eligible to buy employee stock.

Submit your severance paperwork as soon as you can. Any delays in submitting your paperwork delays your severance payment.

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Post ID: @rcz+15QAKvWu

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