Guess my beef is this is the company's way out of giving up $25k

since he'll probably leave proactively. They're acting like nice guys saying "we're giving you a heads up since you've been here 20 years" but they're not giving him ANY indication of time frame. So when he goes out on interviews, he has no clue when he can start. He's either got to forego the severance or have incredibly lucky timing.

As far as taking PTO, probably makes more sense to get it paid out when he's laid off rather than taking it (even though it's taxed at a higher rate).

In response to this post by fordham

Posted: 02/01/2018 at 2:58PM

Big company rant for today: RIFs, Severances and Notifications to employees -- HokieinTampa 02/01/2018 2:25PM

If April 1 is truly the last-possible day, I don't see the problem. -- HWA 02/01/2018 4:45PM

Not horrilbly tough, start looking now and since it takes a little time -- fordham 02/01/2018 2:38PM

Guess my beef is this is the company's way out of giving up $25k -- HokieinTampa 02/01/2018 2:58PM

PTO should not be taxed at a higher rate. -- Hokie360 02/01/2018 4:23PM

I thought both PTO (lump sum) & bonus were taxed at damn near 40% for me. -- HokieinTampa 02/01/2018 7:28PM

^^^Truth^^^ ** -- F4EHokie 02/01/2018 5:49PM

Isn't PTO and bonuses taxed at a different rate than regular pay? -- VTHokie2000 02/01/2018 4:57PM

No, it isn't. -- Beerman 02/01/2018 5:05PM

Then why did my employers withhold around 48% on the paycheck -- VTHokie2000 02/01/2018 5:10PM

If you get a lump sum bonus the withholding is based on making that every -- fordham 02/01/2018 5:30PM

So far I have never gotten a large refund -- VTHokie2000 02/01/2018 5:36PM

You can always have them withhold an extra dollar amount without changing -- Hokie360 02/01/2018 5:46PM

Unless lack of withholding cause a fine why would u ever give them more ... -- 83Hokie 02/01/2018 6:25PM

As you said, not wanting to get fined is a pretty good reason. -- Hokie360 02/01/2018 7:08PM

I have owed every year for the last 10-15 years, I never pay the interest -- fordham 02/02/2018 09:37AM

In most cases I either owe 1 or the other less than $100 -- VTHokie2000 02/01/2018 5:52PM

Again, good advice! ** -- F4EHokie 02/01/2018 5:51PM

What were the extra forms you had to complete? ** -- Hokie360 02/01/2018 5:16PM

I am still at work right now, so I will have to check when I get home -- VTHokie2000 02/01/2018 5:17PM

Additional information - I don't know. As for the bigger withholding, it -- Late 80s Hokie 02/01/2018 5:12PM

Interesting since my bonus is tied to a contract's SLA -- VTHokie2000 02/01/2018 5:16PM

Its only a two month window Feb. and march, last day is 4/1 per your post -- fordham 02/01/2018 4:00PM

I'm reminded of the old saying about a bird in the hand** -- Tombo 02/01/2018 3:42PM

Isn't the time frame now until 4/1? No brainer if so. Stay. Heck... -- 48zip 02/01/2018 3:08PM

Yeah, I get it I just really wish they'd say "your last day is April 1st" -- HokieinTampa 02/01/2018 7:34PM

Yeah, I mean it seems like it would take almost that much time... -- MP4VT2004 02/01/2018 4:17PM

Right - this is better than the way my U.S. company does it -- dans93 02/01/2018 3:33PM

He needs to stick around, but be actively seeking another job... -- EDGEMAN 02/01/2018 2:37PM

Sick days, sure. But leave/PTO? -- HWA 02/01/2018 4:39PM

Use what you need for job interviews. ** -- EDGEMAN 02/01/2018 5:05PM

Guess my beef is this is the company's way out of giving up $25k

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