Tuesday, June 30, 2009
This is what unemployed Nancy looks like...
I hide it quite well, don't I? (especially with some fantastic cheekbones, eh?)
Thank you for all your well wishes and "fuck them!" comments. I totally appreciate it. To answer the questions ...
~ Will you and your family be okay?
-- I'm sure we will be. We have great support from our families, both mine and hubby's, so no matter what, we'll be okay.
~ Is it temporary?
-- I'm not too sure what this means. Is my layoff temporary? Yeah, they aren't bringing me back after some amount of time. Is my joblessness temporary? I certainly hope so.
~ What's wrong with companies? (yes, I understand this question, and many others I'm still going to answer, was rhetorical.)
-- They suck. It's all about the bottom line now. No heart.
~ Why do they have to do that shit on a Friday and ruin your weekend?
-- From the great movie, Office Space, "We find it's always better to fire people on a Friday. Studies have statistically shown that there's less chance of an incident if you do it at the end of the week."
~ What are your next steps? What are you going to do?
-- Panic. Cry. Find another job.
~ You had no idea?
-- Nope. 100% blindsided.
~ Did you at least get 12 weeks of severance?
-- 30 days notice. 25 weeks of full pay severance. All benefits paid throughout the 25 weeks. Prorated bonus of 10% of my salary.
~ What the hell is going on?
-- I wish I knew. If anyone figures out why 2009 (after jan 10th, of course) is/was one of my worst years on records, physically and mentally, please let me know.
~ Hey nancy remember me? (from miss t)
-- Why yes, yes I do. I actually think of you often.
Ugh. So after my severance pay runs out (25 weeks), if I don't have a job yet, I'll collect unemployment. Severance will be given to me in a lump sum payment about 4 weeks after my last day. It isn't really that good considering a few things...
-- During maternity leave, I used up all my vacation, so I'll have to pay back 2 weeks.
-- I have HCRA (health care reimbursement account) taken out of my paychecks, but you can use it before you pay into it. I had $3,000 taken out and have only paid in maybe $1,500 so far. Since I used up all $3 grand paying my medical bills, I'll have to payback the other $1,500.
-- I have an outstanding 401k loan, about $6 grand, which will have to be paid back.
So all of that will be taken out of my lump sum payment. Since I won't be able to collect unemployment until the end of my severance period, I'll have to divide the amount by 25 weeks and pay myself weekly to stay ahead. But due to being reduced by something like $10 grand, it will be such a lower amount than I'm used to, right off the bat. Oy vey. I guess it'll be better than what my unemployment checks will be, a hefty $487/week, before taxed. UGH. Just seeing that tiny number makes me want to throw up.
Okay, I can't think about this anymore tonight or I'll start crying again.
Posted by nancy at 9:29 PM