Please explain your enlightenment. Does “not eligible for involuntary” mean not eligible to be let go or not eligible for the #weeks per pay for each service year if subsequently let go? Why does a person who is laid off get more severance pay than someone who accepts a package? Reading between the lines does not make one an id–t, but to the contrary. When the BS is deep, it is a great skill.
Posts mentioning hashtag #weeks
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NY -
New Yorkers - be aware - Unemployment is NOT approved when Severance is paid (lump sum or not). NYunemployment goes by the #weeks that the severance is paid for, one can get unemployment after the # weeks of severance time ends ...… if one is not employed by that time...they give you a date that you can become eligible after the severance weeks ends.
<20 years - included in buyout?
Any speculation on if wireline managers with less than 20 years will be eligible for this rumored buyout offer?
Managers with 17-19 years, for example, would have a similar #weeks pay severance (albeit slightly less) as those with 20 years.
It would make sense to include all managers as that would get a lot more people off the books if VZ wants to reduce by 20-30k headcount as stated. Clearly the less years of service the less compelling the math is so it self-regulates the buyout take rate as you move down the years of service scale.
Thoughts?