I was laid off Jun 28. Just curious why the PSP amount is half than what it was from last year? Is it the same for everyone else?
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The question is did they do it on purpose and didn’t think 100’s of us would email people solutions? Almost had to be intentional, net pay is net pay in the system. It’s not net pay, minus the time from when they told us we were done but we’re still paid. Mo should be fired. JD too of course.
LOL thanks @2osa !! Appreciate you getting sh-t done.
Based on the email sent out -you’re welcome! 🤣🤣❤️❤️
Your call may have spurred action more broadly by people solutions.
I just received an email that I’ll receive an additional, partial PSP payment on Monday because “The initial PSP payout did not include your total earnings for the fiscal year — it was missing your 4th quarter earnings.”
FWIW, I was laid off in Feb and on payroll through May 3.
My PSP amount didn’t calculate. I called people solutions and they told me they can’t do the calculation for me 🤣. I said I don’t need you to do the calculation for me. The number is wrong! The person had to escalate it but so effing annoying.
@1nbt and my 3% ( > 50$ a week) is going to gas. While I spend time at a desk, on zoom, in a loud building, cause someone said jump.
I already spent it! It went toward my mortgage 😭
Because the payout this year was 65%; last year it was 100 or 110.
psp is deposited for this Friday check but you can see it on my.adp.com now.
I was in the last round of layoffs (June28) and I haven’t received my PSP yet. Hmmm…appreciate whomever wrote out of the calculation so I can verify % as well.
Here's how i calculated what i should have gotten and it matches to what was my check. I think this applies if you worked the entire year and were one of the ones that got laid off in April/june 28th date.
(Salary) X (your PSP % based on your role (so if its 15%, you multiple this by .15)) = $PSP potential
To find out what your check should have been:
($PSP Potential) X .65 (payout for this year)= what your check should be BEFORE taxes.
after taxes depends on your state/location.
Hope this helps!
@ytr+1tTGwCWk Boss, that you?
Mine was more than expected.
I don’t know there’s so many down votes to this. It’s a simple question and for those of us that were laid off, we never received the usual print out that outlines how it was calculated.
OP you need to remember that last years was 119% so i would expect it to be slightly more thank 50% of last years. Mine isn’t so will be calling the help line!
Because the company is in trouble, our PSP payout was only 65%
You are d-mb! You expected a handout and didn’t educate yourself enough to know how it’s calculated! Good gosh!