Healthcare is volatile right now. Even with no rumors, I want to know what Cengage's severance looks like, what it includes on that front. Does anybody know where I could find out?
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It may not be in every package but some are getting the employee share of insurance paid through the severance period.
So employee on the hook for the amount they’d have paid through payroll deductions.
The migration to Cobra is not graceful - expect a few weeks of messed up coverage and Caremark will refuse to ship. This can be fixed once the paperwork clears.
In some states, they have to pay out vacation regardless. And from what I have heard, severance isn't a policy and the calculation can change anytime.
@OP 2 wks for every year of service and they pay out your unused vacation days. Funny bc if you quit they do not pay out your vacation days.