My payout is wrong. The numbers do NOT add up. Called benefits hotline and they couldn't understand where the payout is coming from either. Do not leave anything on the table.
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@hp thank you for your response. This was not made clear in what I read from the company.
@a6 you would have received a prorated STI even if you were not Riffed. I did not know that my first year STI elgible and was unpleasantly surprised
100% STI paid out, but not the thw rest of the company (Usually Feb)
If in NJ. 40% comes from VZ which you MUST sign off on , the other 60% comes from NJ WARN Payout according to what our daughter found out today after several frustrating hours.
What table? Ours are gone.
@a8 Your 2024 STI was included in your total 2025 salary number if you were an employee in 2024.
Maybe they’re adding a mandatory deduction for executive bonus
I just want to be sure that everyone is getting what they deserve. I could be missing something but just seems fishy to me that's all.....watch out for yourself that's all. Good luck everyone
@a8 no I'm just talking about the salary. The weekly amount on mine with my 26.67 years make zero sense
@a4 mine the weeks don't add up. It seems like they aren't putting every thing in. I can let you all know what happens
@a5 I heard that 2025 STI will not be paid out until March 2026. Was your STI included in your severance calculation? Mine wasn’t.
@a5 also, they VZ need to send an ammendment or change the calculation because we will be signing off the whatever on the release form (i. consideration of the poeple with 12/19offpayroll) and should be the honest amount.
Will I receive the full STI for 2025 if I worked half the year (I joined the company in the summer). Or will 2025 STI be prorated?
I agree. What formula you used? Can you point me where I can find it.
Per my understanding, STI should be 100% but why they added on weekly pay result? Also, my number of weeks is not the rounded off multiplier (22 weeks) but the output from years of service 2 (ex 10.832 =21.66 weeks) . If I have to calculate, based in my understanding:
Base salary / 52 weeks = (Z * 22 weeks of service) + STI = severance pay amount + 2026prorated sti (if off payroll 2026).
Do you mind explaining more how the numbers were off? I want to know what to look out for