Posting for someone I know who got let go in June but did not receive their PSP last week, which was unexpected since they were still on the payroll post May 31. Was wondering if others experienced this or what the next steps should be?
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Yes
Thanks for the follow up A6/G4. "back in the day" we always penciled in like 50% off PSP between taxes and what not, just made the math easier if you were planning something with the money.
I am poster @a6 below. I need to correct my statement. I just checked the payslip detail in ADP and my August 8th payment included both my severance and the PSP payout. I thought PSP was missing because I was taxed much higher than I expected (about 34% taken out), so the net was way lower than anticipated.
Yes
I am @ag+1k2qby3e80@OP. One more piece to add: Sep 5th will be my last day.
Was let go June 10th.
Received my PSP with my paycheck on Aug 8th.
I got laid off in the May 15th sweep, but was on the payroll until July 25th. Like others, I was told that I would be getting the PSP bonus because I was on the payroll the whole fiscal year. I got my severance payout last week, but not the PSP bonus payment yet. I believe it will be paid out later this month, probably next week... but we'll see.
For those that were laid off in June, I think they are still on the Nike payroll altogether with the folks that are still regular FTEs. Did everyone else already get their PSP bonus?