Thread regarding Xerox Corp. layoffs

I checked the policy based on the first comment and it is accurate. They will pay you for unused vacation, that's true. Just not the full quarters allotment like they used to. I do not know if that is true just for the US or everyone

Greetings, I sent the below question to HR concerning not getting paid for unsued vaction and here was there response...
Question: In the past when someone retired, they were paid for any unused vacation that they had accrued. Is that that still the case?
Answer: yes, unused vacation will be calculated by payroll and paid to Employee
Regards,
Phani Kethan.

It does seem like the plan is to eliminate the lump sum entirely. Xerox is down to splitting little hairs to make money and the more they can control with smaller payouts is what they will do. I've looked at their contributions to the pension fund over that last few years (it is in their filings and is easy to find) they are contributing this year about what they did last year so the idea that they are making up for the the shortfall and aiming to get above the 80% is not going to happen. Ever. I'm betting that they go to a 100% annuity. I'll be gone by that point. 25 more days. Haven't decided how close to that last day it will be before I tell my boss though.

To (on the way out myself) just curious, how did you come to the conclusion that there is no 50% lump sum option next year?

Strange policy. Assuming you get the max 6 weeks vacation, then each quarter you previously earned 1.5 weeks.

If you quit or get let go on the first day of the quarter, then Xerox saves 1.5/52 or 2.8% of your salary.

But in reality it doesn't seem like layoffs align that way, so on average people leave half way through any given quarter so 0.75/52 or 1.4% of your salary.

That seems like a pretty small amount to save to risk labor law violations. Plus the expense needed by high paid executives to analyze, roll out and enforce this.

Anything to sc--w the worker ..

The best part of leaving XRX was taking the 100% lump sum option. I feel sorry for the employees still there that can only receive 50% lump sum.

It used to be this. Figures

CURRENT EMPLOYEES — COMPANY PROVIDED VACATION ENTITLEMENT

Employees earn 25% of their annual Company provided vacation benefit during each calendar quarter in which they are actively at work, up to the maximum accrual (see Section E.). Employees must be actively at work for one day in a calendar quarter to earn that quarter's Company provided vacation benefit.