Question 1 - Is there the option to defer severance to the next calendar year? Question 2 - Is remaining vacation paid with normal paycheck or with the severance?
8 replies (most recent on top)
If I remember correctly there was a point where you accrued 100% of vacation starting Jan 1. They eventually found another way to short change us.
@a2 Management
One thing that surprised me is that vacation time was pro-rated--Last day was May 4, ended up losing about 2 weeks of PTO pay. Would been better just to have used it up.
If you were in the July round, going to say you had 12 days of PTO for the year to keep the math simple. If by July 1 you had only used 4 day, you would get paid for only 2 more. You lose the other 6.
No on first one. Fir second question paycheck for vacation comes on last regular check. Take the severance when they give it to you and run like he-l.
I was management last day on payroll was July 01st, was told that I could not defer my severance to Jan 2027. My vacation and last work day was paid out on 7/21/126
If you were "let go" halfway through the year and you have taken NO vacation, you have only accrued half of your vacation for the year. That's all you are entitled to.
For mgmt (don’t know about union), you can defer severance and unused vacation is paid out, but only the amount you have accrued to the point you go off payroll. For example, you get 4 wks a year. Use 1 wk in the beginning of the year, which leave you balance showing 3 weeks. You go off payroll on July 1st, that means you only accrued 2 of the 4 weeks. So, in the end you’ll get paid out for 1 week, not 3.
r u a management or nor-management?