Does anyone know when we should expect our severance for the group that was RIF'd on 4/6?
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if you click on the agreement it should show the bar code page, mine was marked complete a day or two after i faxed it in
I was notified 4/6 and worked until 5/5, got my vacation payout direct deposited this morning. Lost over a third of it to taxes but there you are.
My severance agreement and release is still "pending" though, when I log on to the severance website, and I signed and faxed it awhile ago.
Any idea how long that should take to say "complete"?
so if i submitted mine on my last day working (4/13) when would i see mine? Also since last day on payroll was a payday shouldn't we get our vacation pay the next pay week?
Tagging it #VerizonSeverance #Severance
It depends on when you faxed your severance agreement and your last day on payroll. They hold the severance for 7 days because legally you have 7 days to change your mind. Then, they will begin to process it and it depends where in the payroll cycle they are after that 7 days.
I got mine 4 weeks after last day on payroll.
So 11/4 last day on payroll .
Following week vacation payout
Blk Friday severance payout
Or it can be less, my last day on payroll was 3/10, got severance 3/29 (or 3/27, can't recall, but well under 30 days)
last day worked as in last day on payroll or last day physically in store?
If you left mid pay period it could also be a little longer mine was
Took package and left mid pay period
Last paycheck 1 week from leaving
Vacation 3 weeks from leaving
Sti and severance 5 weeks
It's a set order and takes a while.
Yes, that was helpful - thank you! Last day worked was 5/5. I was assuming it would be at least 30 days.
Depends on last day worked. 2 weeks after last day on books you will get stored vacation payout, 30 days after last day worked would be your actual severance check, include in that severance check would be your pro rated sti(bonus money) for the period of the year you worked..... It is calculated into your hourly rate not a seperate check. Hope this helps.