So i got laid off. Can anyone advise me on what’s the best option in regards to the package? Installments or lump sum? Any information would be helpful . Thanks!
10 replies (most recent on top)
After careful review of the package I took the lump sum. Only because I have health coverage through spouses employment. I was with the bank for about 13 years I was recently at the Chandler site. Parking lot looks empty.
Read the severance packet they gave you. There’s a lot of valuable info and resources.
GT&O in Plano got hit this morning.
What group was hit? Im in Plano and the garage was a lot emptier today than normal. :-(
What is your location/ LOB ??
i'd take installments, it will be like still working but not working. 3 people on my team got it this morning between 9 and 9:30. we were hit really hard because our team was 8 and 5 people.
No , i wasn’t mywork. Thank you all.
installment, sorry that happened. were you mywork?
And you get continued health benefits during your severance if you choose installments
Go installment, lump sum could get hit with more tax withholding