Has anyone in previous layoffs had any issues with receiving their severance package? There is so much material to read through. It feels like if I miss one thing then AT&T will refuse to pay the severance. It seems like AT&T is purposely making the material as convoluted and unorganized as possible so that we miss some key requirement.
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When I was hit I’d did the bare minimum. Logged into career path at least once a week applied for some jobs knowing I would never get them, signed the general release waiver and it was 2 pay cycles before severance arrived. Trust them paying you to walk away was a blessing in disguise, I am at a great company that actually respects their employees now.
@Xoq5iCr-hfl true that about monthly pension payments possibly disrupting your UI benefit. Direct rollover to an IRA would be no impact UI. Need to check with your state UI about the other. If are under 65, you can also defer taking the pension until your UI is depleted. The lump and annuity continue to increase barring rate changes impacting the lump.
They don’t dispute unemployment but if you are pension eligible some states use that money as income which will impact any unemployment received. Be careful with using unemployment as a done deal in trying to figure out a short term financial guide.
It works well, but yes, there's always the fear that a bureaucrat pencil pusher will make a mistake. Don't worry, just check your MESA elections. The process is pretty much mechanized. AT&T won't dispute unemployment insurance claims, either, since these are labelled as involuntary terminations whether or not you volunteered. I would wait to claim the UI until after receiving/cashing the severance check.
you can visit https://layofflanding.com for some checklists on what to do if you're surplussed but not yet off payroll. As long as you sign the General Waiver, you'll get your severance. But read it, consult a lawyer if you were not provided any insight on what critiera was used to land YOU on the list vs. someone else. Looking across demographics, seems like mostly folks with 20+ years of service get the boot as a means to drive economies in pensions, benefits, salaries... yielding the biggest bang for the buck when it comes to lessening the headcount expenses. Older workers always cost more.
Frustration is understandable. Follow the steps. Be prepared for possible wait time with Benefits and Fidelity. (No they are not going hire hundreds more folks to answer your call on the first ring). Never heard of anyone not getting the money.
Negative, there are actually minimal requirements to get the severance, just follow the checklist on MESA and it will be simple.