To those who were SEPARATED from Fidelity at the end of May, have you started getting your severance pay? I got my PTO paid out but not the severance pay....wonder what the he-l is taking them so long. Also, has your 401 balance updated for vesting? I lost a bunch due to not vesting at 100% but statement still shows the "what would have been" figure, which, frankly, pi---s me off.
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@nr no only employees get access to 401k. My first payment yesterday only showed my severance and bonus, no 401k deduction.
Does 401k get deducted too? If so is it match eligible? If so, what about true up assuming front loading.
It’s based on pay cycle. Check workday tomorrow and you should see a paystub for Friday. Last paycheck was end of may so they’re factoring the first 2 weeks of June and then the pay day will be the week after the first 2 weeks hence why it will be this Friday. If this doesn’t make sense call hr and they’ll break it down for you.
Mine is being paid out like a normal paycheck, every other week. Assuming you signed your severance package…? If so, you can still reach out to HR / Payroll for clarification.
Apparently it is state-specific, in MA the $ should be dispatched on 6/18
when you separate. Your severance is paid bi-weekly like a pay check. At least when I was let go years ago, that's how it was
Educate me on this. I thought everything is calculated at you get a big payout. Are u paid monthly instead?