Looking for separated employees experience with receiving severance after separation:
- How long before you received first payment?
- Is insurance deducted or do we pay it separately?
- When was your accrued PTO paid out?
3 replies (most recent on top)
You signup for new insurance via bswift and payment is separate from your paycheck
After signing and returning the agreement electronically (and they found no issues with the pdf), I received the first payment no more than two weeks later. Unused PTO was issued a separate check for me shortly after the first check. Severance checks are "fat" since there no benefit deductions.
Received first payment immediately along with unused PTO. Np insurance is deducted because you aren't covered with insurance anymore