Thread regarding Chevron Corp. layoffs

I had a nice person with Schwab get on the call with me and they helped get the money transferred. Most financial advisors will be more than happy to help you rollover your account to your account at a firm like Schwab.

For anyone still working in this hellhole, this thread is worth reading to understand how they fu---n treat their human resources after they've discarded them to the curbside. May these sc-m rot in he-l.

@a8 All paperwork submitted before end of July. When I called in , in August told would receive end of August… did not come… so call in and get told end of September… did not come… now call in get told end of October… ask to talk to someone that can inform me about delay… told they will call me back… no callback… terrible way to end employment on a job I used to think was the best job I ever had…

I received mine 9/30, after receiving a letter early in September that my paperwork was approved. It took about a month from returning my paperwork to have it fully approved. Lump sum was deposited in 5 different chunks.

@OP Hello OP. First Wave Left Standing Here. I just received my lump sum payout two days ago. I cannot say why yours is so delayed, but here is what I did to initiate my distribution:

1. I applied for the lump sum in August through the BenefitsConnect website. You have to want it, but you will eventually find it.
2. About 10 days later, I received an email (personal email address...verify that yours is on file with BenefitsConnect) that I had to fill out to provide them the details of how to distribute the pension (rollover/cash/proportional/Uniform Income/etc.). Since I was taking a lump sum and was married, I had to quickly find a notary to have my wife sign the document as well.
3. I then called BenefitConnect and got someone from the pension department to review the details of the document to ensure everything was filled out correctly and concisely. BTW, there are some specific wiring directions that need to be added to the document to make it clear to the pension people as to how to send the funds when rolling over to a Fidelity IRA. The Fidelity people can provide this information.
4. After reviewing the document with BenefitConnect, I then submitted it through their upload portal and waited. Mind you this was done on August 30th.
5. Around September 15th I received an email from the pension people at BenefitsConnect that said they had reviewed the document and payment would be made around the last week of the month of September.
6. Now even though the pension people at BenefitsConnect said they only cut pension payout checks once a month and apparently this was towards the end of the month, no one actually confirmed or committed to a day of the month.
7. That was the longest two weeks of my life.
8. On September 30th at 3:00PM in the afternoon, my IRA account at Fidelity popped up in value. This was the only indication that I had that payment was made. No emails, phone calls, text messages, or anything. I had already been steeling myself for a launching a wholesale fiery hailstorm on BenefitsConnect on the morning of the 1st of October, but thankfully, it arrived just in time.
9. The funds were liquid in Fidelity by the morning of October 1st.
10. Apparently, the process is:
    A. Initiate through BenefitsConnect
    B. Wait ten days for a review of your qualifications and then they send the form
    C. Fill out form and notarize if needed
    D. Submit form
    E. Wait ten days for them to review the completed form and validate the release
    F. Lump Sum payments come out the end of the month in which you received their validation.

Good Luck!

Are you getting any explanation as to why?