Does anyone know how to get & when the RSU's and pension monies can be obtained after layoff? Thanks and I hope everyone is doing well out there.
3 replies (most recent on top)
You have three options:
Rollover to 401K Any IRA - no penalty - no taxes
Lump sum payment – taxes applied – 10% Penalty
Leave in plan – 2.35 % (Current Interest Rate)
Call 800-622-5501
http://hrcpdocctr.conocophillips.com/Documents/HR-Benefits-documents/AE/CoP_Cash_Balance_SPDbookmarked.pdf
they will arrive in your account soon. they get taxed as income its strange...they sell the amount at todays trading price (or whenever our esteemed HR group gets the chance)....tax at your nominal tax rate and with the money left over buyback the amount that they can.