"ALSO IF YOU CAN AFFORD IT WAIT ON YOUR SEVERANCE BEFORE STARTING YOUR NEW JOB..IT KINDA BUFFER YOUR INCOME AND GIVES YOU A SENSE OF SATISFACTION ON GETTING LAID OFF.... THE CATCH YOU HAVE TO WAIT TO GET SEVERANCE AFTER SERVING OUT YOUR 60 DAY NOTICE AND THAT IS QUITE CHALLENGING TO WAIT THAT LONG FOR ANYONE... THEY GOT SMART THIS TIME WITH TELLING YOU ALL AHEAD OF TIME.. HOPING PEOPLE LEAVE BEFORE SERVING THE 60 DAY NOTICE AND TO CUT BACK ON SEVERANCE. GOOD LUCK" Does this mean that in order to be eligible for severance you have to wait to start a new job after the 60 Day Notice period? Are you still eligible for the entire severance amount even if you get a job on day 1 of the start of the severance period? I agree with who posted this comment. I think that sharing the information today that layoffs are coming in February had more to do with saving Humana money on severance pay than being transparent.
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Reposting this thread to help answer somequestions and to prepare for the meeting on tomorrow. Good luck
I really dont know where the 184 hours is coming from. I was paid my full PTO hours beyond 184 hours just this week and I was laid off in November.. I am telling you to check policy source of total maximum PTO hours is 264 hours and then it rolls over to STD. I spoke to HR4U and they told me that I would be paid my full balance because of the RIF and I was paid it. Maybe I am some kinda of Unicorn .....
It had always been only 184 hours of PTO they will cash out. It has been in the policies since round 1. I was let go in round 2 and had maxed out my PTO. I didn't realize it until I noticed I had a STD balance. I only received 184 hours. Yes, it was taxed at 25% plus state taxes. I opted out of 401k the last month of severance so I didn't get that taken out of my pay. The OP that got over 200 hours was very lucky!
That is correct... Whatever year you are in when served the 60 day notice will equate to your years of service and hence your severance pay.. So if you are served your 60 day notice at 3 years in 10 months or even 3 years in 11 months you will only be eligible for 6 weeks instead of 8 even if you would have made 4 years at the completion of the severance notice. IF you get RIFed they will tell you in the paperwork how many weeks of severance that you will receive.
Getting some good feedback here. Just to clarify, you must be on or past your anniversary date to get another 2 wks for the current year, correct? Example: I will be at 4 yrs end of March and since the layoff will be February, I will only receive 2 wks severance for 3 yrs of service not 4 even though I will be at 3 yrs 10 months. Is that correct?
Perhaps the policy changed, but it now says 184 hours
That isnt true that you are only paid 184 hours of PTO I got laid off and received my full PTO balance this week which was 260 hours.... They taxed the h... out of it to include taking my weekly contribution of 401k but it is the full amount. It is noted in policy source that you are paid your full PTO balance without exception when you are involved in a RIF.
You can only cash out 184 PTO hours, no more
Yes I was impacted the last round.. I reached out to Share solutions and you can have a part-time job while serving out your notice as long as it doesnt interfere with your workday... If you have been released and work part-time you dont have to wait till after your normal work day to work your part-time job. Since you all wont be blindsided like me you can start to form your questions to HR that will be on the line to answer questions and you can confirm the part-time job question.. Also try not to let your PTO mount up because Uncle Sam is going to tax the h... out of it. You can only carry 264 hours.. anything over that amount goes to STD and you wont be reimbursed for that... HR will not entertain any questions on "how was I selected" or "what is the selection process" They will be very curt and borderline rude and your coach wont give you an honest answer so dont bother. They will tell you to reach out to HR4U and then they are going to tell you the same thing.
No one could tell me this question and it is unethical and it didnt happen to me. But after you are released from Humana how do they know whether you started a new job before signing your 60 day release notice. The contract is only speaking on "not suing, not defaming the company but no where is it written in the contract that you arent paid your severance if you find work before signing the contract. I choose to have more integrity then Humana and I waited till after my 60 days notice
Also a note of caution for your PTO... Whatever you are contributing to your 401k that amount will be taken out of every week of paid PTO but Humana will also contribute to the employer match. So just a side note if you have alot of weeks of PTO you might want to change that with Charles Swabb if you want more take home pay.
Feel free to post your questions.. So many people that have been laid off still visit this site and will be able to provide answers. I think we come to make sure that you all are ok and in a crazy way still feel a sense of connection.
As more of you come to this site please know that there are alot of hateful trolls that come here to be mean and say hateful things... Just ignore them... They have no life... Have a great weekend.Take care
Everyone gets paid 60 days from notice and then severance will start. 2 weeks for every full year worked. If worked under 2 years you will get minimum 4 weeks severance
I think everyone gets a minimum of 2-4 if here a year or less
So if we are impacted and have no full years with Humana would we still get 60 days of severance still? I am confused by how this all works. Please correct me if I am wrong. Example: impacted on 2/8, work 60 days, maybe get early release. On 4/8 60 day severence would begin, if you have years with Humana you’d get an extra 2 weeks for every year. Is this correct?
From personal experience, dont wait to look for work and good luck on receiving your pay timely once you have been layed off. No one wants to be layed off much less the promised 60 day salary forgotten. Glad to have been a part of this experience and also happy its over.
Therefore I don’t have to wait to take a new job with another company. I’m still an employee and they are not expecting me to return work. Seems like I‘m free to work elsewhere.
qwg Thank You for the detailed response. This is great/helpful information.
When you are given 60 day notice you will continue to receive your regular salary for that period of time. Humana will also continue contributing to your health insurance and 401k. At the end of 60 days you will begin receiving severance. You will get paid severance biweekly and will receive 2 weeks for every full year with Humana. You will also receive payout for your PTO up to a max of 184 hours. You could be released prior to 60 days but will still be considered a Humana employee and will still get paid. You cannot collect unemployment while collecting severance.
Does one get paid their regular salary during the 60 day period if released early or do you have to go without pay from the day of release until you get the severance? Is the severnece not paid out on a bi-weekly basis? I’m so confused and need creditable information here so I can make informed decisions.
I didn't even think of that. If I already have a second job, does that automatically make me ineligible for the severance pay? How is that tracked?
If we are been released early why do we have to wait for the 60 days to pass? What if we have part time job or something already.
I can let you know as someone that was impacted in the last round of layoffs. You must wait until your end date. 60 days past your date of notification. . which in my case was January 3rd to start a new position to ensure that you receive your severance package. case being.. I start my new job next week.. and I wull receive my severance. I was notified on 11/2, last physical day of work 11/22 and last day with Humana 1/2.. hope that helps! ! good luck to all.