For those in Houston that get wfr'd and get a severance, are we allowed to file for unemployment?
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Yes in Texas if you are WFD’d you can file for unemployment
Level set if you are WFR'ed you will not get 9 months severance pay. Refer to prior post for explanation on the 9 months.
Refer to the HPE Portal for details on your Severance pay calculations.
Please note the 9 months referenced in the earlier replies regarding "Cost Assessment" was done to assist Employees in the decision making process between (1) Taking the Voluntary Retirement (VCTP) offer based on 9 months pay and (2) Declining the VCTP offer and risk being WFRed in 9 months. By using the 9 months timeframe it is obvious employees did not accept the Voluntary Retirement that got WFR'ed off at 9 months (assume 12/20/20 end date of employement) your decision to gamble on staying would cost you more money. If you did not last you were WFR'ed and did not last the 9 months (7/17/20, lasted 4 months then you are short by 5 months).
What insurance are you referring here?
Also if u r wfrd are you getting 9 months of equivalent pay as severance?
Median UI, including federal enhanced UI, is currently $1000/week.
It may turn into another 99 week program just like in GFC.
More information: VCTP versus WFR : Please see the earlier Prior Post with Cost Assessment
Voluntary Retirement:
Salary: COBRA Single Cobra + Kids
60K 53587-6440=47147 58000-9750=48250
90K 83587-6440=77147 80500-9750=70750
120K 98587-6440=92147 103000-9750=93250
WFR:
Salary: COBRA Single Cobra + Kids
60K 9 x 715.58 = 6440 9 x -1083 = 9750
90K 9 x 715.58 = 6440 9 x -1083 = 9750
120K 9 x 715.58 = 6440 9 x -1083 = 9750
Cost Calcuations: VCTP versus WFR:
Voluntary Retirement
If you make $60K a year, at the end months (VR) you will have 47,147 or 48250 in your pocket after paying insurance.
If you make $90K a year, at the end of 9 months (VR) you will have77,147 or 70750 in your pocket after paying insurance.
If you make $120K a year, at the end of 9 months (VR) you will have 92,147 or 93250 in your pocket after paying insurance.
WFR
If you make $60K a year, at the end of 9 months (WFR) you will have 17424 or 14114 in your pocket after paying insurance.
If you make $90K a year, at the end of 9 months (WER) you will have23770 or 20460 in your pocket after paying insurance.
If you make $120K a year, at the end of 9 months (WFR) you will have 29216 or 25806 in your pocket after paying insurance.
For the last question about VCTP, no, you would have had to be notified of your WFR by May 31 for it to be converted to VCTP. With WFR you will be eligible for unemployment (with VCTP you would not).
I qualifified for the Voluntary Career Transition Program (VCTP) but decided not to take it. After VCTP program closed we were told that for the employees who qualified (50 yrs old, 15 yrs experience) that we would have the option of taking the VCTP if we were WFR'ed.
Do you know if this there is any truth to that if I receive the WFR on 7/13/20 that I will be given the VCTP offer versus Severance Pay.
Yes?
Unless you don’t have a job offer by Monday, July 20th, you should file for unemployment.
I’m assuming you’re someone my age. I’m 26 and I’m getting let go this Friday. You’ll have to look at COBRA with HPE as well so you can stay insured.
Your manager should have given you documents on what you need to next.
I'm pretty sure you can, however, if you report earnings in the period that you are claiming unemployment you may not be eligible for that week/period. Ultimately it is up to TWC to make the eligibility determination and you will be notified.