I’ve spoken with a few people who outright refused to sign the paperwork after being surplused to get their severance benefits who now regret it. They left believing they had a case to bring a lawsuit. AT&T has teams of attorneys who will quash these. Trump has stacked the courts with conservative judges who will side with AT&T and not you. But good luck in believing you’ll be successful!
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I was surplussed December of 2017. I'm still irritated they essentially laid me off the week of Christmas, but was able to find a better paying job. I basically nailed it in and took a couple months off with family before starting my new gig. I took the severance. It was based on years of service. I had 7, which ended up being 33% of annual pay if I remember correctly. They automatically tax it in the 22% bracket (was still 25% when I was surplussed). Then it's just state/local taxes if there are any and medicare/social security taxes. They don't divert any to 401k type stuf, so plan on getting about 70% in take home minus state income tax if there is any.
Medical depends. For me, it was going to be subsidized for 6 months at the price I was paying. That's because I was at at&t for greater than 5 years. If you were there less than 5 years, I don't think it's subsidized, which means a family plan will go for over $1k a month.
Employee discounts were cutoff almost immediately.
Personally, it's not a terrible deal in this economy. Employment is very high and companies are crawling over each other for talent. I know it's stressful. It was for me, but I recommend putting energy into finding a new job. Maybe you'll make more. I'd take it in a bad economy as well because it might take every month of that severance payout (3-6 months) to find a job. Perhaps more. Unless you have a good amount of savings that doesn't require raiding retirement that can supplement unemployment, going into debt to fight a company that doesn't want you working there feels like a last resort unless you have a good special case against the company.
The unfortunate Surplussed have a very simple choice when it’s boiled down. Now your job isn’t coming back, hopefully you’ve found a new gig by the time a Class Action decision comes down anyway. But to join this suit is really about what you can afford to ‘Lose.’
Automatic: Six months Severance pay.
Automatic: Six months Unemployment, depending on the state laws, which will reach your pocket 6-7
weeks before the Severance is issued.
I haven’t looked at what may be given up on Medical benefits, if any, maybe someone can fill in that blank.
You got to know when to hold them, know when to fold them.’ And if you still have doubts, don’t ask an attorney, ask someone who has gone down that path. Perhaps a Thread like this exists somewhere but with Severance and Unemployment factored in, can you afford to give up about 80% of an average years pay just because you’re angry.
Choose wisely Grasshoppers, but never in anger or revenge or you could lose.
Don’t sign because a liberal Hillary Clinton voter that won’t accept election results spouts off about it on a blog. Make your decision based on what is best for you and yours.
If you are holding out thinking you'll get a big pay day from some judgment in a class action, you're completely delusional. The company can lay you off whenever they want, for any reason. And you have no recourse. Take whatever they offer you and don't be a dummy. BTW, the severance plan figures mentioned earlier are a "cap", i.e. 6 months for those with net credited service of 13 years or more at date of termination, and it goes down from there for those with less NCS. If they were serious about voluntary separation they would come forth with an offer similar to Verizon's recent one of 3 weeks per year of service (capped at 60 weeks). They don't because it's cheaper to to just have folks not take an offer and then lay them off anyway in the subsequent surplus round.
In 2012 was 12 months for management,now is 6 months, soon eill be 3 months
What are the current severance benefits?
Dont pull the Trump card he is the best thing going for this country in a long time.I advise against signing papers if you dont need the money immediately.The payoff will be bigger with the class action.
The massive surpluses started after Obama forced corporations to start paying so much for healthcare. Obamacare made it too expensive to have so many employees. Dont even get me started on how much more expensive it is to provide benefits under Obama's definition of marriage. You can thank your favorite D President for all of these layoffs.
@dkr: if you don’t think it has anything to do with Trump or politics you’re wrong. Check how many vacancies the President has filled with conservative judges. Conservatives almost always find in favor of the corporations.
It has nothing to do with Trump (not conservative) or conservative judges. Remove he politics to be takes seriously