Thread regarding Wells Fargo & Co. layoffs

Ancillary benefits like FSAs, RSRs and Vision: what to do when, if you are severed?

Just started on 60 days. So far, my read of docs from Cisive is murky on the following so any input welcome.

Rally dollars: get them locked up in the 60 days?

Vision benefits: get an eye exam and glasses in the 60 days.

Flex Commuter: you need to spend that money if you haven’t within 2 mos (?) after severance begins. Stop payroll deductions immediately as possible.

Flex Medical: not sure how soon I have to spend it/claim it

RSRs: continued vesting is addressed in the RSR description. But it’s confusing because it’s interleaved in a sentence starting off about change in control of the company. I think they continue to vest to maturity (?) but not 100% certain.

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There is a dedicated displacement operation team. Call them with any questions. Surprisingly, they know what they’re talking abiut and not run out of India or Philippines

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Post ID: @j0+1jvdkfaxp

unless you take the lump sum for severance all your medical dental and vision insurance will stay the same until your severance runs out then you have an option for cobra. RSRs will continue to vest each each for the next 4 years, assuming you got some this year.

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