Thread regarding Verizon Communications Inc. layoffs

Very disappointed given 3/22/19 date..... will be a very hard 3 months

I thought the same thing as the OP, but if you look at the weekly paycheck rate, it includes the 2018 STI. So you will get more in your check than your regular pay. And then in February you will get your 2018 STI as usual. When you get your lump sum payout you will get a prorated 2019 STI payout in that. So for the lump sum in 2019 you are not getting the STI payout because you already got it while you were working; one was spread out in your check and one you received outright in February. That’s the way I read it anyway.

If your a 2019 release date, then your 2018 STI is removed from the total. I initially thought the number got lower, but realized it was because of the STI timing. You’ll get the 2018 STI at the end of Feb as BAU (at 100%). The STI amount shown on the VSP calculation form is the prorated 2019 amount.

You must have a March or June release date in which case you are given 2019 numbers. Keep in mind that the 2018 STI will be paid to you as well outside the severance since you would remain on the payroll. The previous estimate was based on 2018 only. In reality you will be getting more than the estimate if you also add the 2018 STI.

The largest number that is in bold includes the cost of your benefits for the 60 months. I believe The lower number is the base pay and the bonus (STI) for 60 months.