Layoff question. I am suspecting my layoff soon. With that, my anniversary hits during my 60-day non-working notice. Does anyone know what years of service they will use for my severance?
Also, do you accrue PTO during the non-working notice?
TIA
10 replies (most recent on top)
@1r5 Yea - I do... But in this instance, I haven't been laid off yet, so no documents to read over. But, wow, your insight was suuuuuper valuable. ;)
Doesn’t anyone read the documentation??
This is in the document
@mx
Thank you
Does anyone know what years of service they will use for my severance? The anniversary counts as the notice period is still considered employment.
Also, do you accrue PTO during the non-working notice? Yes, it's employment.
I got laid off last Tuesday
Do I get 401k match this year? They probably laid you off on Tuesday yo avoid you working in Q4.
How long my health insurance is valid ? Through severance period, if taking over time .
Can I start a new job during notice period. No you are still technically employed. Taking another job would be considered voluntary resignation and no severance.
Taking lump some vs bi weekly payout of severance- any disadvantages. See above for insurance info. Also tax implications for 2025 vs 2026 taxes.
I got laid off last Tuesday
Do I get 401k match this year?
How long my health insurance is valid ?
Can I start a new job during notice period
Taking lump some vs bi weekly payout of severance- any disadvantages
My anniversary will hit during my notice on 8/11…. Yes you get the extra 2 Weekd
But what if it happens on a tuesday prior to a payday but after a holiday and your in India on holiday but you then cross the international dateline on a sunday?
@a2 Thank you for the insight.
yes you accrue and yes you'll get an extra 2 weeks severance of your anniversary falls during the non work. you are still an employee