Severance is two weeks per year, unused PTO, prorated STI and you can choose to keep benefits through severance term, or get paid as a lump sum. Got "early notice" of layoff in July, so if you accept a new position before then, you lose out of severance.
Important info that needed to be on top. Taken from @2nid+1fL7maLn.
By taking severance you are officially on the payroll so as long as your severance runs, your medical benefits last, no matter how long that is.
Yes, if you take a severance package and continue on payroll your medical continues through the severance period. If you take a lump sum payout it does not. HR will try to get you to go lump sum if you want to know which is best for AIG.
Yes, you can continue to pay for medical benefits through your paycheck just as if you are an employee of AIG through the term of your severance. If you choose the lump sum option, you cannot get any further benefits.
I know you mentioned you “can keep benefits through severance term”. Can you confirm you get to keep MEDICAL benefits throughout the severance term, whether it’s 10 weeks, 20 week, 40 weeks, etc.?
If clients need assistance, tell them you'll get back to them in several months (like July 9th!)
Yes. Don’t use any of the PTO that is accruing as well. Just go on vacation without logging it.. got to maximize your severance payout..