I think you get your full bonus. I hear also severance is only 2 weeks/year of employment? What all makes up the package?
7 replies (most recent on top)
@10j Unless you are non-exempt:
One week of current base pay for every year of service completed subject to a minimum of 4 weeks and a maximum of 30 weeks.
@ae 2 weeks per year of employment. If you’ve only been employed here 3 years, you still get 8.
No bonus
There are no VSPs going on. I don’t know why people are spreading these lies.
@a5 2 weeks, but subject to minimum of 8? Could you elaborate a bit on this?
Copied from an older post*
If you are still employed and able to access the Hub, you can review the severance plan by going to Links A-Z > S > Severance Plan > SPDs > HCSC Severance Plan SPD 2023.10.31
Looking over the document, your severance payment depends on your category as follows:
Non-exempt (Non-Union & Union) it is One week of current base pay for every year of service completed subject to a minimum of 4 weeks and a maximum of 30 weeks.
Exempt (Professional and Mid-Professional) Two weeks of current Base Pay for every year of service completed subject to a minimum of 8 weeks and a maximum of 30 weeks.
Executive Management Group (EMG) Two weeks of current Base Pay for every year of service completed subject to a minimum of 12 weeks and a maximum of 40 weeks.
Executive Business Group (EBG) - Two weeks of current Base Pay for every year of service completed subject to a minimum of 16 weeks and a maximum of 52 weeks
The layoff package for those being laid off....when exactly OP?