Thread regarding Verizon Communications Inc. layoffs

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So at this point I have to start taking a much harder look at the other employment options being presented to me. If I were to call the boss and say I'm done, followed up with a formal letter, is that it? Obviously, I can roll my 401k over to another, but do I also have that option with the pension I've accrued over 15 years? Also, will I be paid for my unused vacation time?

If I make the decision to leave, I will obviously contact hr to get concrete answers, but wanted to get a general idea for now. Thanks

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| 994 views | | 7 replies (last May 5, 2016) | Reply
Post ID: @OP+HfvCgJc

7 replies (most recent on top)

@OP: 1) HR really does take your concerns very seriously during Exit Interview.

2) You can take the Pension Lump Sum option and roll it over to an IRA ( you probably have a Cash Balance) or to your new job's 401K

  1. Personally I would wait for the Strike to be over and get RIF'd .(you get Severance payout) ...ask you boss to keep you in mind WHEN not IF the RIF plan starts THIS YEAR.
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Post ID: @mby+HfvCgJc

does the pay also include short notice days floating etc

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Post ID: @jic+HfvCgJc

Well I've seen a couple of instances where a note from the Doc limiting free overtime for health reasons has worked wonders in the next Rif cycle. Doesn't have to be anything major. Don't do it unless you are really ready to leave, I'm guessing you can't take it back. Anything not disrespectful is worth a try before you leave everything on the table.

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Post ID: @zdd+HfvCgJc

Let your boss know, give him a letter, and that's pretty much it. Professionally it will look better to your new employer if you give VZ 2 weeks notice (that's pretty much expected, and your new employer will have you in a better light if leave taking the high road and they know you gave two weeks).

Any accrued unused vacation will be paid out to you in a check.

The company will likely want to give you an Exit Interview, and as a professional courtesy you should do it. It gives you a platform to let HR know exactly why you're leaving. And I can promise you they listen and take all comments seriously.

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Post ID: @qkf+HfvCgJc

Very good question op...I have been contemplating this myself for fear that this will be dragged on forever if we even come back at all.

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Post ID: @cxf+HfvCgJc

if you resign, yes your unused vacation will go back to you. As far as pension goes, sorry not sure.

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Post ID: @qci+HfvCgJc

good question. i also am wondering if i can just report to work - and then state my intentions to retire. (30+ years C&P Tel, BellAtlantic, Verizon)

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Post ID: @eac+HfvCgJc

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