Anyone have insight into severance benefits by years of service if laid off this month?
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I'd be curious how the various Employment Commissions would view the "no severance until signing NDA". Personally, I had a former employer who tried the "no severance until signing document saying I wouldn't sue them". I signed, they paid, I filed for unemployment, Texas Work Force Commision notified company of unemployment claim, company said I had received severance, Texas Work Force Commision called me, I told them about the "must sign document before severance". TWFC employee seemed aghast and told me I'd be receiving unemployment immediately, and they'd handle the conversation with the employer. Really pi---d off my ahole former boss. He thought he was smart. Sc--wed himself. TWFC viewed the check as paying to not be sued, not severance. I wonder if TWFC would view the NDA signature the same way.
The site I worked at (before running away laughing) was in the state of New Jersey (not Clifton though). They did some kind of calculation to combine unemployment with severance to get to your full weekly salary. I think if there was any money left in your severance after your unemployment ran out, then you could continue to collect severance.
I think these procedures differ somewhat from state to state.
Re: I believe unemployment will ask if you received a severance:
True, but that would be "this claim period", and then the next time it will be "nope".
I believe unemployment will ask if you received a severance.
There is actually a "procedure" in our intranet. It is fully laid out. 1 week per year up to 52 weeks. 2 weeks minimum for people under 2 years. Partial years are prorated at 1/12 of a week per each month that is over an even year. You sign the NDA then they have up to 60 days to cut your check for the full amount, minus taxes. Then you get that same number of weeks of paid medical insurance for employee only, but I believe it is covered separately from your original policy( said by an April RIF victim), so your deductible restarts, they said. Now, from my perspective, a "payoff" is not the same as "earned hourly/salary income", so I would think you could still apply for unemployment right away, unlike when they used to pay it out like a regular check, but I don't know that part for sure. Since it is a current policy, I saw it a few days ago, I would think that anyone claiming to not be getting severance is either fibbing, really got fired and not RIF'd, or never actually worked here at all. But of course, if you have ever read one of our policies, you know the last sentence is usually " the company reserves the right to change our minds at the drop of the hat, sorry 'bout ya".
1 week per year of service with a minimum of 2 weeks, paid within 60 days of termination. If you have any deferred salary, then that is also paid out.
I can confirm after having been laid off in April it is 1 week pay per 1 year of service. They did give me a half week of pay since I was at half a year exactly.
I thought that it was generally 1 week per year of service.