Oh yeah, for those that are being laid off and let go, please note that we were not allowed to continue our life insurance policy either, not even at a higher premium, so, don't count on it.
Is this true? What about health coverage? Is there any way to hang on to that at least for a while?
The life insurance "benefit" was never subsidized by the company
I quit HPE 3 months ago after 20 years and work for the state government now. It was a $20K paycut but the superior medical benefits as a government employee was a $4K annual savings on my family medical, dental, vision bills. One medication used to cost me $35 a month, now only $5 for copay. My allergy medicine for 30-days is $200 out of pocket, with HPE medical insurance is a copay of $135 but with the state it is $5. I am confused how the heck HPE charge so much. Sometimes I wonder if HPE get some rebate from the insurance companies or equipment/services purchases for fleecing the employees with horrible medical benefit fees.
Overall it was just a $16K paycut plus I dont have to worry about WFR Mondays and I dont have work off hours or any unpaid OT (unlike as salaried HPE employee). Moreover, I dont have to backstab my co-workers so that they would look worse than me during FPR since there is no forced ranking. I did lost some accrued FTO (11 days per month vs 13.333 hours at HPE) but the 2 extra floating days (3 total in a year) and an extra holiday for Cesar Chavez day made up for the FTO accrual difference. There is also no forced Christmas shutdown and can accrue up to 640 FTO hours.
The first 3 weeks after leaving HPE hurt. It was like leaving an abusive relationship that you wanted to keep. By the 2nd month, I've fully adjusted to life beyond-HPE and helped out current and former HPE'rs who are looking for a state job.
@SXYBlU9-1dlw & SXYBlU9-1dpa
Good to see the drunk ramblings still hanging around this site providing zero value. What a sad life.
"Like pension plans, I expect that employee health coverage will also become a thing of the past and you will be put out on your own to have any kind of financial security when you reach retirement."
If I'm not mistaken, the ACA requires most employers to provide health insurance, though I'm not sure how much they have to contribute to it. One thing is certain, most plans offered these days are crummy high deductible plans.
That said, this is probably what's behind to the sudden shift to hiring contractors vs. employees. It seems that every recruiter who cold calls me has a contract job.
But how many of the illegal humans are about to be laid off by HPE, and what does that have to do with the price of Meggots on Mars!?!?!?
Also...
The illegal humans are paying for your and my Social Security paychecks when we retire, is the actual facts. They pay in, but have virtual zero chance of getting paid back. See…
See "The Truth About Undocumented Immigrants and Taxes" (in quotes) in your Google search window will take you straight there, hit number one... AKA http://www.theatlantic.com/business/archive/2016/09/undocumented-immigrants-and-taxes/499604/
When the underpaid illegal humans are taking care of you and gritting their teeth, as you rave at the "likes of them, and their ilk" at your old-folks home, please give that a thought or two...
Do you know all Politicians no matter what their label is - or any Public Government worker will get HUGH PENSIONS when they retire. I know for fact -- if a person makes lets say for example $120 K a year in salary - when they retire they will get the same exact amount in their PENSION, plus TOP OF THE LINE MEDICAL INSURANCE (which they are paid by the govenment to purchase). This is all provided by the Private Worker's Taxes. I believe their HUGH PENSION is a major entitlement - I never voted for them to get that kind of money. So they remain ABOVE THE LAW and they are excempt from the same laws we have to follow.
IS THIS RIGHT OR WRONG? I say this has to stop!! ASAP!! Plus we need TERM LIMITS. I am tired of these politicians from both sides reamaining and getting paid for life by tax payers while they lose touch with reality!!!
When an ordinary person retires who has worked all of their life in Private Industries, they will retire and have to apply for Social Security and Medicare (Now our politicians call this an entitlement) even though the American Private Worker taxes have been putting in money from their paychecks into their Social Security and Medicare. Now Social Security will be decrease of your working salary by at least 80% and you have to pay for Medicare Part B about $130.00 a month and Medicare does not cover all of your medical needs especially Part D when the doctor wants you a take medicine it is not covered. But yet our politicians wants to cut this spending in the new budget saying it is an entitlement. But it is NOT an entitlement.
But yet the Politicians will have no problems using your tax money to give illegal aliens free medical, housing support, and college with no issues and will even release violent criminals out in the streets by using our private taxes pay for it.
Some of our politicians and public workers will get maybe two pensions. And our lovely Gov Brown will get 4 penions running into maybe 500K a year.
"I could list a lot of things here that I have seen happen in tech, but I won't." From SXYBlU9-1izb,,,
Please, SXYBlU9-1izb, I would like to hear them... If we do not educate each other about unpleasant realities, who is going to notice them, and who is going to fix them? I am writing a novel, by the way, and I do like to steal from other people's observations from real life...
One thing I have seen TWICE in a long tech career, I have described it here before, but it got deleted... I have to tame down my words this time I guess...
...
Old bachelor geezer engineer, never got married, total jerk, one can wee WHY he never got married! Any other MALE engineer asks him for help, he moans to the Highest Heavens (including to the bosses caste), about how stupid you are, for asking for help! ... Pretty young new hire (female) hires on!?! Whoa, Dude!!!! Get out of his WAAAY, he'll be bending over backwards to just about do her entire job for her!
Yeah. I don't know anymore. Watch your hours versus what you are getting paid and consider what you value the most in life and choose wisely. I could list a lot of things here that I have seen happen in tech, but I won't.
Is HPE not giving sevrance payments now if they lay you off?
It's a fairly sad story. However, not paying your employees their severance pay for a forced resignation because they are not legally required to offer you severance pay basically sounds a little "chicken shat". That's an opinion. Employees DO a lot of things for their employers that they are not legally required to DO. Some miss their son's first little league game, some miss their grandparents funerals, some miss out on quality time with their children, some spouses miss their spouse for working too much overtime. These are small things, but yet, I think someone once said that it is indeed the small things in life that may make it worth living. There are bigger problems in this life - to be certain we were fortunate to experience working there, however, I'd rather just be told "we can't afford it" rather than "we aren't legally required to do so". I was legally required to take verbal abuse on the job either, but that's just ME, I'm really NOT into abusive relationships. Go Figure.
The problem with COBRA is that it is almost as expensive as buying medical coverage directly from the insurance company.
Like pension plans, I expect that employee health coverage will also become a thing of the past and you will be put out on your own to have any kind of financial security when you reach retirement.
I think that the new Republican tax plan is a perfect example of what American corporate priorities and cultures have become: Stockholder profit and golden parachutes for incompetent executives.
Maybe the only answer will be another "Great Depression"
You should check into your state health exchange - if available. Cobra is very expensive. In my case it was over $2200 per month for COBRA and my state health care program was less than half that.
Google is a wonderful thing: I suspect this is true. I was WFRed and got Cobra.
Per Google: After you quit or lose a job, you can temporarily continue your employer-sponsored health insurance coverage through a federal law known as COBRA. ... You can elect COBRA for you and your family if you otherwise would lose coverage because: You quit your job. You were fired, unless it was for "gross misconduct."
I don't suspect any will be found with Gross Misconduct since they are just wacking and forgetting their past top performers.
Yes, there is COBRA. And I believe you can roll over to an individual policy after COBRA runs out. Thank GOD for COBRA.
Also, just informational, if a company files for Chapter 11, and let's say that they owe you vacation pay. They are actually LEGALLY required to resolve the debt in court through every means possible. A former employer of mine had to set up a payment schedule with the court to pay employees their vacation pay. Again, just informational.
Cobra?