From Verizon or anywhere else. What happens if you get a job right away, can you work at another place and still get your severance? On the opposite end of the spectrum, if the severance you got runs out before you are able to find another job, are you allowed to apply for unemployment?
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A lot of people think it's somehow mentally deficient to ask questions here instead of asking HR. Holy crow... Have we not all heard this a thousand times? HR works for the company. HR is not your friend. When you lack trust in the answers you are getting inside the company, this is the site people come to for unvarnished and unfiltered answers and to compare notes. That's what this site is supposed to be for, or else what's the major reason we're all here?
Around 2013 I was RIFed from a different large company that offered severance as "pay continuation". I received my normal pay (weekly or bi-weekly, I don't recall) along with my usual benefits for a set amount of time (I think it was 12 weeks). According to the paperwork I signed when I was let go, I had to inform them if I found a new job before the set amount of time expired. I did find one with a few weeks to spare and notified them, as I wasn't sure of the repercussions if I didn't. My paychecks stopped and it was all good, but I always wondered what would've happened if I didn't inform them. I applied for unemployment, but it wouldn't take effect until my pay continuation ran out, so I never got to that point.
This is the best scenario. Happened to me in 2024 - got the VSP (67 weeks total with vacation) and started my next career almost right away. Banked every penny. Thanks, Verizon!
@OP all can be found on the vz site or ask hr for the correct answer and not here
In my state you can apply for unemployment right away. Dont wait!
Yes you absolutely can still get your severance if you start another job as long as it’s not with another division of Verizon.
I believe that unemployment rules vary from state to state but the general recommendation is to apply ASAP. Go to your state’s unemployment webpage for details.