Just to clarify:
Am I getting this right? If yes, why would folks leave in October (unless you have something lined up)?
So does that mean if you leave on Oct 30 you get pay till Nov 23 + 6 months + benefits pay + PTO
... if someone wants to change their medical insurance for Cobra. They will be be able to do that during the open enrollment period.
I've had employer plans that forced me to keep the existing benefits and transition ALL of them, or none of them, to COBRA until the next open enrollment and employer plans that let me make changes due to the "life event" as I enrolled in COBRA.
I don't think it's fair to force you to keep all your current benefit elections the same when you enroll in COBRA because you had a life event that qualifies you to make changes to your benefits.
I guess one benefit of sticking around till Nov 23 will be if someone wants to change their medical insurance for Cobra. They will be be able to do that during the open enrollment period.
Read the docs . It is mentioned. Early exit for people who have jobs lined up
That’s correct. No matter which date you exit on, oct 30 or nov 22. You will be paid for the term till 22 nov.
"No. Folks who choose to exit early (Oct 30) will receive pay in lieu through the standard exit date (Nov 23)."
Are you sure about that?
No. Folks who choose to exit early (Oct 30) will receive pay in lieu through the standard exit date (Nov 23).