I think for US employees it is 2 months on payroll + 10weeks of pay + 6 months of insurance. Is that correct?
9 replies (most recent on top)
@d1 Oct 31 is a Saturday
Is the last date Oct 30 or Oct 31? Cuz many people were given Oct 30 as the last date.
On payroll until Oct 30 + Severance (based on how long you have worked there) + AIP bonus + Cobra for 6 months after Oct 30
I would love it if someone would explain the 6 months insurance, because i have seen a document that days 6 months Cobra... is PayPal paying 100% of the premiums for Cobra for 6 months? Otherwise, that is no benefit, Cobra is a regulation when a job ends, and unless things have changed a lot, Cobra premiums are sky high.
For a me a senior CS rep, I was the just short of 8 years. It’s pay to 10/31, 14 weeks severance and pro-rated AIP and 6 months insurance from 10/31.
Technically I’m still employed and getting paid until 10/31.
For the EU it depends on the country you are in.
Is it both 2 months on payroll and 2 months pay or is it an either-or?
are you sure the 2 months payroll and the X weeks of pay add together, or is the latter the replacement for the former?
Depends on tenure, 26 weeks max severance for US
US is usually 8 weeks plus a week for every year worked there. Insurance is 2 months.