Have a few questions.
When you resign. You can obviously opt in for cobra.
What about life insurance. Short term. Legal. Etc. I worked for another large financial firm and I was able to stay covered as long as I paid a premium
Also I was granted stock as part of my review. Obviously not vested yet. That just disappears I would assume?
Thanks
Does anyone know what % or $ amount Schwab pays towards Cobra, after the 60 days? Thinking Cobra after the 60 days would be about $2500 for a family of four? What will Schwab contribute and for how long? And, it is a lump sum Schwab gives after the 60 days?
When you resign or leave in a non layoff situation, all your benefits end on the last employed date. Health insurance can continue via COBRA but you would be paying high premiums, your share plus Employer share potentially. Unvested stock is lost. Vested stock - restricted stock that vested is yours, the other type you would need to exercise any vested stock.
Op here.
It’s not related to the package.
On the Schweb, search for "Leaving or Retiring From Schwab". There is a doc link "Separation Information Package" which details everything.