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Thanks. In the first data point, do you mean you've received a lump sum? Was this in the US?

• sjg007 9y ago
  You would get a lump sum that's taxed at 40%. Otherwise you can try to negotiate to be on the payroll for 4months + healthcare. Also if in the US ask for medical (COBRA) to be paid for.
  • giampo 9y ago
    Yeah my thinking is staying on payroll is better. I wanted COBRA too - I heard some places just 'reimburse' you.. All I want is to have my healthcare premiums paid. Did you ever get that?
    • sjg007 9y ago
      Nope I never have. But the best time is to negotiate for it is when you're hired. They are more likely to agree since they've already decided to hire you. At separation, they've already decided they don't want you so the only reason to offer it (besides being nice and humane) is b/c they'd be afraid of a lawsuit. Execs, VPs and some directors negotiate this in their hiring contracts as well. They call these golden parachutes. Some of the bigger companies have this stuff in their company handbook. This is what you might get by default e.g. 1 month for every year of employment etc... but it depends on the company. The problem is that most people think, hey I'm a hard worker and I'll never get laid off, so they don't prepare in advance contractually. Otherwise you take a big risk that you can just drop into another job.. That risk changes as you get older and with the market. People harp on unions all the time but this is something they do for its members.