I was a part of the RIF that occurred at the end of September. I signed my severance agreement and then received an addendum saying I would not receive a lump sum, but would receive biweekly payments. Do you think this will occur on 10/17 or will I be waiting up to 60 days for payments?
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@fw agreed I was annoyed because I signed the initial agreement then minutes later I was sent an addendum saying I had to receive biweekly payments.
@hf I was not given an option and received information that I had to receive my severance payments biweekly. I was a transitioning employee from Cigna prior to the RIF and I did receive instructions to return my equipment back to Cigna. I did receive my first RFI payment as well as a partial np us.
I initially wanted biweekly, but then changed my mind to the lump sum. I received my lump sum for the severance on 10/17. I am annoyed that I haven't gotten COBRA information yet and we are halfway through October. I am also annoyed that since I was a remote worker, I have yet to get instructions on how to return my laptop and monitor. I want to have a tracking number of returning it. Transition contact keeps telling me to wait it out...
@a2 you deserve a lump sum if that’s what you want.
So now they are making people take biweekly? That’s not right when we were advised lump sum unless we requested biweekly payments. I don’t like this at all.
@b2 I had a lawyer review prior to signing, but the major takeaway is you cannot discuss HCSC in a negative light or the agreement will be revoked.
What do you have to agree to in the agreement?
@OP this is what was written to me via the transition email we were given: “ The 45 days is from the date you received the agreement. The revocation period is 7 days from the date of signature. Payments will be made no later than 60 days following the revocation period.”
I suggest you write and ask them to get in in writing.
Bi-weekly payments instead of lump sum? HCSC is getting better and better with how they do their regularly scheduled layoffs. They are putting their layoffs on layaway. Unbelievable!
@a1 I would have preferred a lump payment. AFTER I signed the agreement, I received an addendum saying my only choice was to receive biweekly payments. Which was frustrating... why give me the initial choice?!
@OP did you request it that way? Or they decided. I haven’t signed yet and still reviewing it with legal help but don’t want my money biweekly so wondering if they are now deciding to not give lump sum