Anonymous said...
Do the math with your personal financial
situation. The involuntary RIF with 26 weeks may be better financially than the
voluntary RIF with 39 weeks assuming you are
working at LANL for at least thirteen weeks after April 5th before being
riffed. Severance is not pay, it is a dollar amount equal to your gross pay for
one week times 39 or 26 weeks. Taxes are withheld from the severance amount.
There are no pretax contributions and no matching contributions to the 401K, no
pretax deductions for medical and child care plans, etc. For some people these
amounts are significant in reducing your taxable income.
That's all great but I want the option of taking the VRP like ALL the line-managers at LANS (i.e. Associate Directors, Deputy Associate Directors, Division Leaders, Deputy Division Leader, Group Leaders, Deputy Group Leaders, Project Leaders, etc.) who were not excluded. If I'm not fired in the involuntary I've lost out in a severance package. The fact that NO LINE MANAGERS are on the "excluded" list is big hole in this process!
ReplyDeleteYeah. I want to leave with dignity like all the other non "excluded" workers. Being fired involuntarily doesn't look too good on your resume.
ReplyDeleteIf you're on the excluded list, you could hope that you'd be RIF'd and at least collect 26 weeks (max) of severance pay--especially if you plan to retire and not work elsewhere. However...if I'm not mistaken, those on the excluded list CANNOT be RIF'd. So it looks like if you can't get your status changed to 'eligible' then you'll get NOTHING in the way of severance.
ReplyDelete