Just a note for those confused by the info provided in the Displacement Packet regarding the timing...
PTO and Final Paycheck for me were just deposited in my bank account on the last day of my 60-day non-working period. Thought it would be next week, but no. Submitting my Lump Sum request tomorrow (1st day of my "free agency"). I'll let you know how long that takes to process.
Worked in Tech...Cybersecurity.
@e9 Just submitted the Lump Sum request:
Lump Sum Requests
· Please allow five (5) business days for confirmation of receipt, review of the form and eligibility before sending a follow-up email.
· A formal acknowledgement will be sent upon completion of the review from the Severance Plan Administration team.
· Lump Sum Requests approved for processing will be paid within 60 days of Wells Fargo’s receipt of your completed Lump Sum Request form.
@ea Yes I do. Covered by the VA.
@OP Hope you have health insurance.
@d1 I do not know at this time. Curious as to when the first severance check gets paid while I'm awaiting the lump sum payout. I don't need the health insurance (100% VA disabled and spouse covered by CHAMPVA).
I too got my final paycheck and PTO on the last day which was yesterday. If you don't request your lump sum payment you get your severance paid every 2 weeks starting from the last day of the displacement period right?