If RIF'D...How or who communicates with Elevance that I have applied for unemployment and the amount so that I can receive my Elevance supplemental pay? Is supplemental pay paid out in one lump sum or over time?
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Also remember a severance agreement is a legal document. I have no idea what this agreement’s fine print says. Many states allow you extra time to review it if you are of a certain age group. Please check your local laws, there were some new laws passed in 2023.
Read the RIF package carefully and attend HR meeting. Not everything will be answered but you will get an understanding about next steps.
Please.. this information is available to everyone on Pulse. You are eligible for medical thru your "severance" period.
It's not called severance though, so when you apply for unemployment it's referred to as "supplemental" pay and that is what you refer to it if you have to apply for unemployment.
Hi…I was RIFed earlier this year. I’ll try to answer most of the questions asked here because I know they aren’t exactly transparent with what to expect.
- You have to file unemployment in your state. Your state pays unemployment benefits and then Elevance will pay out the remaining amount so you will still get the full amount that you’re used to getting every two weeks.
Your supplemental/severance pay is paid out every two weeks just like a normal paycheck. If you sign all your documents on time and file for unemployment, you won’t miss a beat and your paychecks won’t stop.
You will have to attest to Elevance that you’re unemployed and looking for work as well as your state unemployment office.
- Your health insurance is in effect until the last day of your supplemental/severance pay.
- If you find a job within Elevance before you exhaust your supplemental pay, your pay is stopped on the first day of your return back to the company. If you find employment outside of the company, they will pay you a lump sum equal to 50% of your remaining amount of supplemental pay.
Good luck to all waiting on the other shoe to drop. It is truly a terrible place to be. I wouldn’t wish this on my worst enemy.
I heard that medical continues until the last day of the month in which the rif occurs.
Does anybody know if your medical benefits continue with the supplemental pay?
This has been stated several times before, but reiterating that this is NOT severance, it is SUPPLEMENTAL pay. Big difference. NO, you do not get a lump sum. Nor will you continue to get a dime if you get a new job before your "pay" runs out. So if you are eligible for 6 months of supplemental pay, and you find a new job in a week, you get one week of pay... you will not get the remaining 5 months and 3 weeks of pay. That said, all of the details are on Pulse, which they so conveniently but discretely reminded us of last week via email.
I read through the documentation, however it wasn't clear in which state we are supposed to file. Do we file unemployment in the state where we live (if we are WFH)? I would think so, but I'm not entirely certain.
@upz+1tKCnyiL
What is meant by "Rif time-frame" as far as retirement severance pay please?
@upz+1tKCnyiL...Will you please explain what RIF Timeframe means in regard to collecting severance for retirement. If for example I am eligible for 6 months retirement severance, will I get paid every two week like a normal payday schedule or will this be paid to me in full within 30 days following RIF announcement? Thank you in advance for your input and feedback.
And if you meet retirement qualifications you just get your severance?
1 hour ago by Anonymous | 1 reaction (+1/-0)
Post ID: @qec+1tKCnyiL
ANSWER: Yes. You get severance on schedule like a normal pay check through your RIF timeframe (I got 6 months). I applied for unemployment the Monday following the Friday last day of work. Your state will have different eligibility rules. CA gives a year of unemployment if you havent found work/not working after being RIF’d even if you receive severance pay. FL does not give unemployment if you receive severance pay - so it varies where you live.
And if you meet retirement qualifications you just get your severance?
after your meeting with HR and your manager. You will receive a big fat set of documents which will tell you the processing details.
Elevance knows if you have filed for unemployment. That is communicated to Elevance. You get your unemployment from the state and then Elevance gives you a payment on top of that to equal your salary. It’s paid weekly from what I understand but is dependent on your state. It’s not a lump sum.
Wondering the same. Does anyone have an answer please? Thank you