Has anyone who had their final day of work received their severance and COBRA coverage payouts yet?
7 replies (most recent on top)
Like the above commenter (epz+1qKdMhuB)
Last week - I also got my 3 months of COBRA (the cash equivalent - you have the option to use it for Cobra or not), plus the final severance payout, in the same direct deposit transaction.
Wooh! It feels like a huge relief and burden off my shoulders, to be able to just relax for a while - with that financial cushion to stay afloat.
That said though I am actively looking. Not a great market even for senior devs (USA)
My separation date is feb 2. The language in the letter and what was confirmed to me by HR is that you cannot send the signed letter back until the actual separation date and up to 7 days beyond that. My letter says I can execute the agreement on or after the separation date but no later than Feb 9.
I already sent my laptop back weeks ago. And I will be emailing the signed letter first thing the morning of Feb 2.
@3ynr+1qKdMhuB My severance release was signed on 01/12/2024 (separation date four weeks after final working day) and submitted on 01/16/2024, along with proof of equipment being shipped back.
For those whose severance day is Feb 2nd, have you signed your severance package? Severance will be paid only after they receive our signed releases.
TU also confirmed that they won't request them back if you received monitors.
Just got confirmation that I'll receive my payout on the 2nd.
I did receive both on my severance paycheck