I've never heard that a severance package is required by law in the US, although it would likely be a state issue rather than Federal. From war stories I've encountered I'd say almost certainly not. Large responsible companies usually offer something. Terms vary, but it's designed to keep torch carrying peasants from storming the castle.
The chutzpa of Sun Trust appears to be mind-boggling. If the package is paid up front in a lump sum (usual practice), then let a judge decide whether the company has the right to demand labor from a person no longer employed. If the package is paid out gradually over time, then it looks more like a retainer and could be subject to termination for non-compliance. Sigh. . . . J.O.Skip Robinson Southern California Edison Company Electric Dragon Team Paddler SHARE MVS Program Co-Manager 626-302-7535 Office 323-715-0595 Mobile jo.skip.robin...@sce.com -----Original Message----- From: IBM Mainframe Discussion List [mailto:IBM-MAIN@LISTSERV.UA.EDU] On Behalf Of Steve Beaver Sent: Thursday, October 22, 2015 11:11 AM To: IBM-MAIN@LISTSERV.UA.EDU Subject: (External):Re: Fwd: Bank’s severance deal indebts laid off IT workers to be ‘on call’ for 2 years of tech support — without pay I am ignorant: is a severance package legally required? Depends and it is NEGOCIABLE Otherwise its Pay-to-Stay -----Original Message----- From: IBM Mainframe Discussion List [mailto:IBM-MAIN@LISTSERV.UA.EDU] On Behalf Of Chris Hoelscher Sent: Thursday, October 22, 2015 11:03 AM To: IBM-MAIN@LISTSERV.UA.EDU Subject: Re: Fwd: Bank’s severance deal indebts laid off IT workers to be ‘on call’ for 2 years of tech support — without pay Wow - a bank lets staff go - and then expects on-call answers? And the bank expects "truthful" answers? And even if the "answers" are provided in good faith, but in the end turn out not the best advice, what happens then? Personally - if I let someone go - I would want to be done with them ; not rely on them at all' Chris Hoelscher Technology Architect, Database Infrastructure Services Technology Solution Services : humana.com 123 East Main Street Louisville, KY 40202 Humana.com (502) 714-8615, (502) 476-2538 -----Original Message----- From: IBM Mainframe Discussion List [mailto:IBM-MAIN@LISTSERV.UA.EDU] On Behalf Of John McKown Sent: Thursday, October 22, 2015 1:55 PM To: IBM-MAIN@LISTSERV.UA.EDU Subject: Re: [IBM-MAIN] Fwd: Bank’s severance deal indebts laid off IT workers to be ‘on call’ for 2 years of tech support — without pay I certainly dislike what the bank did. I am ignorant: is a severance package legally required? Hum, that probably varies. If the employment contract does not require that a severance be paid, then the company can require anything (legal) in order to qualify for it. IIRC, at one time our company had something similar. You wouldn't get a lump sum, but you would continue to get a fortnightly (2 week) pay check, with no deductions other than taxes for (up to) 6 months. While receiving this pay out, you could still be called to answer questions. I.e. you couldn't log onto the company's systems or need to "come it". But you did need to be "reasonably" available for phone contact. If you refused, you're payout would stop. So it really wasn't "severance", per se, more like a "retainer". On Thu, Oct 22, 2015 at 12:46 PM, Elardus Engelbrecht < elardus.engelbre...@sita.co.za> wrote: > Ed Gould wrote: > > > http://www.rawstory.com/2015/10/banks-severance-deal-indebts-laid-off- > it-workers-to-be-on-call-for-2-years-of-tech-support-without-pay/ > > WTF! Grrrr! Those crappies are too cheap to support their employees! > That bank wants to have its bread buttered on both sides. > > If you drop me, I drop you. Simple. My new employer wants my full > attention and if needed 24 hours be on standby. Goodbye ex-employer. > > If my ex-employer wants my work, they need to setup a contract with pay. > Treat me like a consultant with full [hourly] pay, not like a > cheap/free slave. > > I will surely challenge that "no-pay work after being dismissed" clause. > (BTW, I think our land's somewhat militant unions will go very badly > mad about this...) > > And of course move my money to another bank. > > Even when I'm retired, I still want to be paid for any work to any > ex-employer. > > PS: You think I'm ranting for fun? Read this disgusting story about a > doctor being misused for 8 years: > > > http://www.health24.com/Lifestyle/Healthy-you/Slave-doctor-in-SA-worki > ng-for-free-for-8-years-20151020 > > Groete / Greetings > Elardus Engelbrecht > > ---------------------------------------------------------------------- > For IBM-MAIN subscribe / signoff / archive access instructions, send > email to lists...@listserv.ua.edu with the message: INFO IBM-MAIN > -- Schrodinger's backup: The condition of any backup is unknown until a restore is attempted. Yoda of Borg, we are. Futile, resistance is, yes. Assimilated, you will be. He's about as useful as a wax frying pan. 10 to the 12th power microphones = 1 Megaphone Maranatha! <>< John McKown ---------------------------------------------------------------------- For IBM-MAIN subscribe / signoff / archive access instructions, send email to lists...@listserv.ua.edu with the message: INFO IBM-MAIN
