I was not riffed (yet), but I have questions
What happens if you don’t want to work the 30 days after rif?
Do they take your severance away?
Also, can you work another job (I’ll use McDonald’s as an example) while receiving severance?
Maybe as a PT (less than 32 hours/week?
Thoughts?
Is there a secret HR person that might want to speak up?
I was RIF and was a CA associate.
I got my full severance - that is, biweekly pay until end of my severance period.
I filed for CA unemployment the Monday following my last day of Friday - received full unemployment of $450/week paid every 3 weeks (2 weeks of the prior week after certifying online that I did truly look for work and did not find any job.
I asked the CA unemployment person (phone call) - does it matter what type of job I is available? I mean I can get a job at McD - he said no, it has to be a comparable job to what I last had. So continued to receive unemployment because I couldn’t find a comparable job.
The difference is I am of “retirable age” so Ireceived the full severance from ELV + unemployment. It was nice to receive normal payroll for 6 months while not working. I do not know what is the minimum age to be considered retirable.
In CA you have a year to use up your unemployment benefit but will have only a 6 month total pay (meaning you can start and stop within the one year period from when you first applied a claim, if you have a gig in between).
Any idea how the severance situation is handled for CA based employees affected by the RIF?
Do we have to file unemployment, and their severance payment will be supplemental to unemployment? Or will it be lump sum severance payout?
It changed under the Gail regime, if I recall correctly.
That’s not how severance use to be. When did they change it? I knew people who were riffed years ago and they got 6 months of pay (the max due to years employed)?. It wasn’t supplemented with unemployment. You applied for unemployment when it ran out
If you don’t work the full 30, no severance pay
@1qsn+1tVBomxR
In Indiana you cannot receive unemployment until your severance runs out. I know this for sure as I was RIF’d twice before from Anthem. It is not run concurrently.
Jees there are some d-mb people in this company. No wonder we're all in trouble.
Severance pay is the compensation and/or benefits an employer provides to an employee after employment is over.
Sc--w them, I'm doing whatever I want. If they don't like it, I'll ping my senator and chat about what they are doing in his state.
People need to stop calling this severance, it's not severance. Severance is a lump sum payout or your regular checks during the severance period.
This is a supplement to unemployment. It saves them a ton of money.
If it were true severance, people could ride on that and delay filing for unemployment until it ran out. They could also get a job the next day and still draw the severance. The way they work it, they save money and your "severance" ends when your unemployment runs out; they run concurrently. Think of your severance package as an add-on to your unemployment, that ends the moment the latter does, if not before if you've only been with the company a short time.
For instance, if you've been with the company for three years, you get 4 weeks plus 1.5 weeks per years of service - that's 8.5 weeks. They will stop supplementing your unemployment at that time.
If you've been with the company for 30 years, that's 4 weeks plus 1.5 per years of service, which SHOULD be 49 weeks of supplemental, but as soon as your EDD runs out, so does your supplemental. Which is why the max is 26 weeks.
Part time work also impacts unemployment benefits you get from the state
No no and no ! You won't get severance. They have rules you have to follow, any deviation away from that will stop severance. They find anything to stop it.
It's also very important on how Elevance health reports your status to unemployment office, Fired, quit, RIF, retire etc..
It has been reported here that even gig work will get your supp stripped, and I would be surprised if they'd pay it if you didn't do the 30 days notice period.