Hmm. I'll let you know next year. ;-) . . . 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 [email protected]
-----Original Message----- From: IBM Mainframe Discussion List [mailto:[email protected]] On Behalf Of michelbutz Sent: Thursday, October 22, 2015 2:49 PM To: [email protected] Subject: Re: (External):Re: Fwd: Bank’s severance deal indebts laid off IT workers to be ‘on call’ for 2 years of tech support — without pay What about the tax issue Think severance and employment are taxed differently I think severance is at higher tax rate Sent from my iPhone > On Oct 22, 2015, at 5:21 PM, J O Skip Robinson <[email protected]> > wrote: > > 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 > [email protected] > > -----Original Message----- > From: IBM Mainframe Discussion List [mailto:[email protected]] > On Behalf Of Steve Beaver > Sent: Thursday, October 22, 2015 11:11 AM > To: [email protected] > 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:[email protected]] > On Behalf Of Chris Hoelscher > Sent: Thursday, October 22, 2015 11:03 AM > To: [email protected] > 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:[email protected]] > On Behalf Of John McKown > Sent: Thursday, October 22, 2015 1:55 PM > To: [email protected] > 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 < >> [email protected]> 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-work >> i >> ng-for-free-for-8-years-20151020 >> >> Groete / Greetings >> Elardus Engelbrecht >> >> --------------------------------------------------------------------- >> - For IBM-MAIN subscribe / signoff / archive access instructions, >> send email to [email protected] 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 [email protected] with the message: INFO IBM-MAIN
