Has anyone that was let go 12/2 last pay day 2/2 received any information regarding severance of pension payout option?
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Separated as of 2/2 and I have not got the Benefit Commencement Package (BCP) with the lump sum option. Are others in the same boat? The last email says "package to be sent month following separation (which is March) so maybe it will come soon.....
I got my severance direct deposit “paystub” today (deposit on 3/1) and the net payment could be a little shocking because you don’t have the benefit of pre-tax 401k contributions on the money so the tax rate will be higher than you are used to on your other paystubs. Other than that, seemed to be processed correctly.
If you email the HR email address in your packet, they'll tell you what your severance payout date is. Be sure and include your employee number.
Not yet. I’ll post when I do though. I’m pretty curious about this myself. I have a couple ideas on how to invest that money that will blow away the pension return.
No, sorry