If im laid off can I take my pay out next yeat
7 replies (most recent on top)
You cannot defer to 2026.
You will only have 30 days this time.
Also don’t forget to sign up in time for the career search services and one-time tuition application for later reimbursement's. And of course COBRA - btw COBRA dental is pretty affordable compared to cash price
Can you sign papers immediately and get proof you signed
In Canada, we were told if you are laid off in Q4, you will have the option to defer severance to 2026 or take it right away. You would get your payout on the first cheque run around January 14.
You have 60 days to sign there letter. Sign it there last 2 or 3 days in Dec so they have it 1st couple days of January and can get you paid in 2026. But like the other person said, don't forget!
@a1 agreed with this comment. Just make sure you don't miss the deadline, even by a day. They will sc--w you over if you miss it. No second chances.
Yes, you have. 60 days to sign the papers. Recommend doing it in 2026 for tax purposes.