Hello Sept VSP folks -- Care to share any hiccups you've seen post-exit, with severance, COBRA, Spending account reimbursement, Fidelity, &etc?
Hope you are settling in for a great holiday.
23 replies (most recent on top)
Depending upon your background, expertise, and length of employment with VZ, prepare for a larger decrease in salary than expected.
Based on my experience, It may be difficult obtaining a job you want. I thought it would be relatively easy to find a job and did not accept short term contract jobs. In hindsight, I should have accepted short term contract jobs. Everyone continued to tell me, oh, you have 28 years of VZ experience, and will have no problems finding a new job. Many of the large companies do not want someone that has spent years with another large company and many of the smaller companies feel that someone from VZ is accustomed to all the slow moving bureaucracy and multi layers for approvals, therefore are unable to make decisions.
As stated earlier, it is all dependent upon your area of expertise.
I am an older white guy. If you are the same, be prepared when interviewing with females from India. I had the pleasure of three interviews. Two of the females from India working for different companies pulled my resume out of a stack of resumes, and informed the headhunter that they would like to speak with me. One interview lasted six minutes and the other thirteen minutes. As soon as I joined the video call, their faces dropped. Neither of these asked about my work history or reviewed the type of qualifications they were seeking. I ended both interviews by stating, it does not appear that I am the type of person you are interested in for the position. Both agreed, so I said, how about we save each other some time and put an end to this discussion. The third one asked about experience never discussed by HR, not listed on the job description, and never mentioned by the first three interviewers with this company. Informed her that I did not have this type of experience and she responded that she was only curious, because this position would not be responsible anyway. But, she continued to bring it up five more times. I interviewed with four people from this company the same day and I did not receive an offer due to her and my lack of experience for something that I would not be responsible.
@fmi+1vGeWB2W ... you made me laugh. if you don't sign the paperwork, you still have no job AND you have no money. Did you not read the entirety of the paperwork?
Have to give it to V - they might be inept at a lot of things, but they are really good at separations. Lots of practice I guess.
All the payments were on time, if not actually ahead of schedule. The entire process has been transparent and smooth, and their portals allow access to critical things like paystubs.
The only hiccup I had was turning in the laptop - they kept asking for proof. I heard others had a similar issue, so make sure you keep any proof: shipping receipt, receipt from turning it in to dropoff center, or a picture with a newspaper/timestamp if you left it on your desk on your last day.
Good luck. Life is so much better outside of that toxicity!
that's not how it works. if you don't sign the paperwork you don't get severance. you still have already quit.
Do not give your retirement money to Morgan Stanley. In fact, keep your 401k money with Fidelity/Verizon, you will do better.
get the eff out and never look back.
Forward the severance pkg email to your external email. It's your reference guide. There are Google searches that will give you external VZ URLs however you must set up your account before your last day in order to be able to access the links. I don't know about the HSA but that's in the severance doc. Take time to go through the severance document BEFORE your last day.
Almost 100% smooth getting all the funds and new medical cards. Just RSUs took longer but again, nothing to call VZ about. Best wishes!
Transfer ANY COMPANY EMAIL you may need to your personal email. Once your out you can’t access your Verizon email and it’s theirs to do what they wish.
@3qcm+1vGeWB2W you don't work for VZ, do you? You would know.
if YOU DON'T MIND ME ASKING WHAT KIND OF SEVERANCES ARE GIVEN TO LONG TERM EMPLOYEES.
Make sure you take enough zip ties, wasp spray, batteries and an extension ladder. That stuff runs out quickly
vacation payout will come first
Is the vacation payout and the VSP check paid at the same time or does the vacation payout come first?
Spend time printing off everything you need and/or emailing it to yourself. Lots of emails I sent to myself (I had sent myself quite a bit of things. Performance reviews, severance documents, numbers, etc) did not come through and I didn’t realize it in time. I figured I could access most things through the separation portal but the portal now only works for payroll and benefit information.
Smooth transition. I’ve always said that Verizon does layoffs/ separations really well. Not exactly something to be proud of.
RSUs took some time. No issues with insurance. My mental health is so much better. Congrats!
I'm broke and depressed. My family's abandoned me and I'm having my Thanksgiving Dinner alone, despite a life spent toiling for them.
Don’t forget t-mobile offers up to $800 switcher credit to pay off your device and it’s worth asking your rep if they have a t-mobile insider credit for you. That saved me an additional $30 per month. Cheers!
Issue with RSUs, over 60 days before received and take a snapshot of your account. It is like they zeroed out my balance, starting from "0" added less back in this month. Fishy to me, not touching it this year anyway to see if it goes up. Also calling Fidelity. Otherwise, the new insurance cards took 60 days. Unused vacation pay and other money received in 30-45 days from 9/13. Retired after 36 years(pension)so it was a no brainer. I am still receiving LinkedIn and text messages about job offers and I'm not looking for a job.
Smooth here too. RSUs took some time, but haven’t had to call Verizon for anything. You have time to decide what you want to do with your 401k. Hopefully you already have a new job lined up so you can double dip income, unless you are retiring. It all works out.
It was a huge mistake if leaving mid career. I’d recommend not signing the paperwork. The grass is not greener.
It was all quite smooth for me. It took a little bit of time for the new insurance cards to arrive, but other than that, it went well. I have not had to talk to Verizon since the day I left.