#benefits

I wanted to ask whether Citi currently offers any voluntary separation program or voluntary exit option that may include severance benefits.

Working for decades at Ford and living though the slow decline from the most profitable car company in the world to a second-tier floundering truck company gives me perspective on how to use Ford for my benefit. If you work at Ford and are not an LL5 by 35 you’re too old to be promote, stop trying. Stop doing all the additional duties, stop working night, weekends and during lunch. Ford pays for eight hours a day, five days a week, given them their time, do your job, nothing more, nothing less. Take every vacation day and every personal day, max your Ford matching, let Ford pay to upgrade your skills. Take advantage of every Ford benefit, never leave a single dollar of Mr. Ford’s money on the table. Ford is a paycheck, your cash cow to allow you do to other things Use your time to make yourself smarter and richer, learn to invest actively. If you can average a 15% return on your investments, you double your money every five years. After 25 years of investing my ETF returns are significantly more than my Ford yearly income. Also look at getting a side hustle and double up on a monthly check. Do something you like that makes a few bucks; every dollar counts. Remember, Ford is just a tool to pay your bills, use the tool to create your future.

with the current state of the cost of medical coverage. Not just at Verizon, but nationwide. Could it be that when these multi millionaire Fox News hosts call us SoCialiSts for wanting universal healthcare here in the US, they might not not really have the working stiff's best interests at heart?

What happens to one’s health insurance after being laid off? Does anyone know?

So the transitional group of employees will have benefits through Sept 30, 2026. Funny that that also happens to be the last day of their fiscal year...

Got my cobra estimate retiring early it’s like $1200 a month. Better check your fiqures before you pull the trigger on retiring early. It’s an eye opener!!
Bumping this so folks don't miss it. Too many are so focused on leaving as soon as possible (not that I blame anybody) that things like this get overlooked.

Hearing rumors and rumbles that they may be changing our PTO rate? Reducing it? Saw some reddit posts and some rumors on the Optum board. Anyone else hearing this?!? I mean they already cut 401ks match.

Severance is based on a formula. The formula takes into account your years of service and your grade level. The maximum amount of weeks is capped for each of the grades. For example, a grade 40 with 10-14 years of service will get 20
Weeks of severance. Additionally, to get around WARN notice requirements, they may set your actual termination date into the future(and you will get paid regularly until that date). Thy will also pay your benefits via COBRA for 6 months . While getting laid off su-ks, the package is usually fairly generous
OP: @a4+1kpp75mr6

Thought this might be useful ahead of layoffs.

We were a smaller bank that loved its people. Like the year we all donated 2 days of vacation to save employees from being laid-off? Or the time we took stock options instead of a full bonus or when you could still volunteer at your church, helping the homeless with bags of food and clothing and count that as a volunteer day, or when we respected women leaders and promoted them, or when RD said he knew we were the best bankers and to go out and prove it - and we did! Q after Q!

In the last year we have lost so many benefits, our self-esteem, Clients, our edge, our talent. Just chip, chip away until us seasoned, experienced worker bees (remember when it was ok to not WANT to step over dead bodies to save your job and you could just have pride in what you did) leave for greener fields.

I appreciate growth, promotion, and working hard to get there. I have won numerous awards at USB for top sales, but one day you just realize the top tier cancer has eaten too much of the good to outweigh the bad and you know there is no treatment for the cancer and so you abandon the host and find a new clean place to do your best and give your all and grow. I can't believe the number of people leaving and then taking all their top talent with them. You think a LTI loss forced signature is going to stop them? The new banks have already given them a sign-on bonus that took that pain away.

We used to be amazing for our Clients, employees, partners, vendors and now all we are is painful to watch.

Yes, I am leaving for a new job and so I can say all this, but I grew up in this family and it is hard to watch and extremely hard to leave my siblings behind.

When I resign I understand I need to first be sure to take my carryover and personal days and then vacation will be paid out. Is that correct? Not sure where to find this info.

Always a good sign when the company handling your benefits is having its own financial issues.

https://www.businesswire.com/news/home/20260415251776/en/ALIT-INVESTOR-REMINDER-Alight-Inc.-Investors-Have-Until-May-15-2026-To-Seek-Lead-Plaintiff-Role

What do you guys think about it? Pros and Cons? Gotchas?
Sounds too good to be true.

How much premium i would end up paying for me, wife and 3 kids if I elect COBRA. Is such a family option available ? How long we can continue COBRA ? Appreciate your inputs.

i have a feeling i'll be cut soon (weird vibe coming from the manager, being ghosted and gaslit) i am thinking about keeping cobra and wanted to see if anyone had experience with it. thank you...

Does anybody know when insurance for laid off employees ends?

Oracle said 4/10
UHC said 12/31/26 up until two days ago
UHC now says 4/30/26

Anyone know if the medical last till 4/30/26 or does it end on 4/10/26? When does Oracle pick up the 1 month of COBRA, May 1st?

Did anyone receive a copy of the benefits book in the mail even though they didn't request it? What's up with that?

If my separation date is April 10th, can I start applying for it now? Or do I need to wait till get the lump sum payment? (in the doc, it says it'll be coming within 3 weeks after separation date).

This is the reality.
NRE employees are not being targeted because they are lazy, noncompliant, or underperforming. That narrative is convenient, but it is not the truth.
They are being targeted because they are the most financially strategic group to remove.
Employees who are already retirement eligible have already earned their pension and benefits. If they leave, the company still carries those costs, including payouts, healthcare, and everything that comes with it. The liability is already locked in.
Younger employees? Many of them will be impacted anyway as AI and automation continue to evolve. They have not accumulated significant pension value yet, so the financial upside of removing them now is limited. They walk away with relatively small payouts, which would likely happen in the near future regardless.
But NRE employees are right at the threshold.
They are the ones about to qualify for meaningful pension payouts and lifetime medical benefits. That is where the financial exposure is. That is where the delta is. That is why they are being pushed out before they cross that line.
Not because they are all poor performers. Not because they are disengaged. Some are, some are not, but that is true of every group.
So let’s stop pretending this is about laziness or attitude. It is not.
It is timing. It is cost. It is strategy.
What is frustrating is not just the outcome, it is the narrative being used to justify it. Do not label people as lazy to explain decisions that are clearly driven by financial incentives.
People see what is happening.

My hub doesn’t have coffee pods or tea bags, nothing. Bring your own coffee, tea bags,and bottled water.
‘So cheap

Is this just my hub or bank policy to not even offer free coffee pods and tea bag…not even water other than from the sink

https://www.khou.com/article/news/local/memorial-hermann-blue-cross-blue-shield-texas-in-network/285-ceceb89a-d299-47e7-868b-f4f58889cb4e

I hope they don’t keep doing this to us every year to try to juice their profits by Pennie’s. Maybe we can use some of that excess Iran war profit to improve benefits for employees

We used to get DoorDash credits all the time … what happened to that ? Is Rick trying to save money?

The posts are generally whining and moaning.
I thought I would provide info so folks can plan better.
Topic of this week is around NRE and pension.
You don’t lose your pension. You lose benefits, especially medical. You get your pension, you get vested after 5 years. So you will get your pension. However discounting is different between retiree and terminee. Suggest you run Alight calculator between age 55 and 54.5 and you will know the difference.

Should we worry about any reductions any time soon?

Heavy work, broken tech, bad managers, tiny raises. Insurance keeps getting worse. Basic tasks take all day. Sales and customers dropping, no vision. It's a mess.

To those that were rebadged as Infinite employees, are you all on a contract basis now or not? Were you able to keep your same salary from Fiserv over? Are the benefits similar, or better/worse? How do promotions work with a 3rd party vendor or is your career progression over once you get rebadged?

Looking for real advice on steps to take in preparation for a possible layoff. What files/information to save, what resources to take advantage of while we still have them, etc. My biggest concern is a lack of medical and dental insurance for my family since I'm the one providing those benefits. Has anyone successfully negotiated an extension of benefits as part of their severance?

How does the benefits work after the 60 day WARN period? Do you take COBRA for health insurance or by any chance do you get full benefits until your severance runs off? I.e. Citi contributes to your medical benefits until the end of the severance pay period
Thanks

Just from reading slack channels. Even employees don't believe in the stock.

Something supposed to be a benefit is now a financial burden.

Another "benefit" down the drain it goes.

Hey everyone, quick question if someone files for short-term disability and it’s under review with MetLife, do they need to use PTO while waiting or does coverage start right away? Also, should they inform their manager, HR, or both? Appreciate any insight.

New Texas SNAP Rules Now in Effect, Candy and Sweet Drinks No Longer Covered

Starting Wednesday, April 1, 2026, Texans who receive SNAP benefits can no longer use them to buy candy, drinks with artificial sweeteners, or beverages with 5 grams or more of added sugar under new statewide restrictions.

What documents do I need to apply for short-term disability? I recently fell down the stairs, and my doctor advised that I need at least two months of rest.

Also, is there a specific place I should apply or a phone number I can call for assistance? I would appreciate your help. Thank you.

I logged into fidelity.com and checked my 401k and it seems the profit sharing contribution was not made...it has been made on 3/31 for the past couple of years - not a huge amount but it was a nice little annual boost. Does this go away too in this brave new world?

Hi all,
I’m mentally drained at Wells Fargo. My manager has been pushing a “performance” issue that feels completely unfair (I’d rather not get into the details on that). Today I straight-up told my boss I’m exhausted from the constant stress and asked if they could just lay me off instead of firing me for performance.
Quick questions:
• If fired how good is COBRA insurance? Or does it offer?
• Can I still get unemployment on a performance termination?
• Do they pay out remaining vacation days either way?

Any advice on handling this or what others did? I need some mental relief before jumping to another job.
Thanks!

What is the typical package and what all does it entail?

Basically the title. How much are they giving in terms of medical/dental/vision and base pay?

How many weeks based on years of service?

Is it true that people who didn't take the VSP were still laid off effective 4/1 with no lump sum or benefits?