No, they are taxed the same. Federally anyway. Tampa, FL has no state income tax. I got let go after 43 years in same company and they gave a lump-sum of 6 weeks severance !!! . This was with perfect annual reviews each year. What a joke.
John Clifford On Thu, Oct 22, 2015 at 6:25 PM, J O Skip Robinson <[email protected] > wrote: > 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 > ---------------------------------------------------------------------- For IBM-MAIN subscribe / signoff / archive access instructions, send email to [email protected] with the message: INFO IBM-MAIN
