My ISP severance includes x# weeks for x# years, plus prorated bonus. Looking at paystub for this upcoming payday and it includes only the salary portion, no prorated bonus payout - is that paid separately (if eligible?)
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@2kn I haven't yet. My 30 days will be up on Nov 7, which is a Saturday. I'll report back once it's received.
Wondering if anyone with an ISP has received their prorated bonus as of yet?
@ae I have not seen layoff severances include a bonus payment at Centene, only the weeks/ year payments and Cobra, I have only seen bonus included as part of the Voluntary Separation Program.
I have not read all the replies so if someone already said this, my apologies for repeating it, but to my knowledge, ISP packages do not include the bonus. It only pays the 2 weeks per complete worked years, and subsidized COBRA, of course.
The VSP included the bonus and the 4 extra weeks and an incentive.
@aa depending on when you signed and HR processed your paper work you should receive your severance payment this Friday 10.9 Check day force checks were posted yesterday
I’m locked out of my dayforce but according to my bank notification it looks like they paid both the weeks of pay and bonus - taken out almost 33% in the name of taxes
I heard back from the severance department and this is the response I received
We are unable to determine bonus eligibility or confirm specific bonus amounts within AskHR. However, if you are eligible for a prorated annual bonus under the ISP program, the payment is generally issued separately from your severance payment and should be paid within 30 days of your severance payout.
Anyone have more info on this? I too received my severance but not prorated bonus. Some are saying 30 days after severance and some are saying sometime in the new year. Anyone with knowledge have the answer?
I have not received severance yet
according to my VSP materials bonus should be paid at the same time for a bonus-eligible employee. Here is the agreement I signed
As soon as administratively feasible after the date this Release becomes effective as provided below, Company shall pay Employee $x-x which includes the equivalent of 43 weeks of Employee’s base pay, as well as any additional severance benefit in lieu of an annual bonus payment, less applicable taxes and withholdings, in a single lump payment. Company shall pay this Severance Pay on a regular Company payday.
If this was not included I would call HR immediately because they are in violation of the signed agreement
If eligible, bonus payments will be made separately and within 30 days of receiving the severance lump sum.
@ad You will not get the prorated bonus until next year during normal bonus distribution time. The amount has not even been calculated yet since the year is not over.
@aa There is a 7 day waiting period so it would have missed the 9/25 pay cycle, and should be in this next one 10/9 - however that is not definitive, I am only assuming based on what other people have commented. Make sure you have returned all your IT equipment - monitors, laptop, docking station, etc. Check Dayforce for your paystub - if there isn't one there for Friday 10/9 - call HR
I have the same question. When I first received my VSP offer, it showed I was eligible for a prorated bonus amount. I didn’t take the VSP, and assumed that my ISP would include the bonus as well based on the paperwork I signed. However, my Dayforce paystub only shows the base severance amount. I’m going to try to contact HR to get more info
I still don’t have my severance. I completed both steps on the 14th. Anyone else in same boat?