Thread regarding Sears layoffs

What does TTP package stand for?

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Post ID: @OP+RoWp6Gl

14 replies (most recent on top)

Of course you are supposed to tell them you got another job. No one does. However, if they find out, there is a clause in the package that states that you will have to pay back what they paid you when you were employed by someone else while receiving your package. If you get canned, read the paperwork.

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Post ID: @1yji+RoWp6Gl

TPP is a severance package. In California you can also collect unemployment while receiving your package. As stated 1 week for every year worked up to 8 weeks (4 paychecks), for hourly and up to 20 weeks for salaried (store managers, asms). You can get another job, just not with SHC.

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Post ID: @1rcb+RoWp6Gl

They are only going to know if you tell them you got a new job. What a dumb statement

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Post ID: @1jsl+RoWp6Gl

Are the logistics of it any different than a severance package?

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Post ID: @muy+RoWp6Gl

Vacation accrued up to the start of ttp is given within a pay period or 2.

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Post ID: @tex+RoWp6Gl

What about my vacation

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Post ID: @leb+RoWp6Gl

No paid according to your normal pay schedule for the period of time.

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Post ID: @zfi+RoWp6Gl

So you don’t get it lump sum?

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Post ID: @izo+RoWp6Gl

1 week of pay per year of service Max of 8 weeks if you are paid hourly. Max of 20 weeks if you are salary. Plus, if you get another job during that period, they will quit paying you because you are considered on a leave of absence, and according to policy, you can't have another job while on a leave of absence.

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Post ID: @qcx+RoWp6Gl

that's a paltry sum of money, should have been 1 months pay for each year of service

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Post ID: @fuq+RoWp6Gl

1 week pay per year of service

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Post ID: @ajv+RoWp6Gl

whats the transition package being currently offered ?

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Post ID: @vlt+RoWp6Gl

It's TPP Transition Pay Package

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Post ID: @jre+RoWp6Gl

Temporary Transition Package - which translates to "your b-u-t-t is out the door"

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Post ID: @sgb+RoWp6Gl

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