Colleagues,
Mark your calendars: On Tuesday, Jan. 12 at 3 p.m. in Large 2 on the second floor, Mike Goldman, an employment specialist with the AFL-CIO/Minnesota Department of Employment and Economic Development, will be on hand to discuss unemployment benefits, plus the state’s Dislocated Worker Program. The program offers job counseling, training grants, career planning and other support services for dislocated workers – that includes those taking buyouts and those being laid off.
The presentation is recommended for those interested in taking the buyout, and Guild members who may potentially be laid off.
A word on job titles: They’ve changed in the recent contract, so if you are unsure what your job title is, please see David or Janet.
Questions about the buyout? Call or email Michael Seraphine in Human Resources, extension 4096.
In the meantime, we’ve had a number of members ask questions about the buyout program. We will frequently post FAQs on this website as they come in. Feel free to forward questions to your Guild leaders, their names are listed below.
Here’s a sampling:
What’s the difference between the buyout and the layoff? Technically, the terms are the same: 1.5 weeks of pay for every 52-weeks of continuous service up to a maximum of 30 weeks. However, the buyout money will be paid every two weeks, just like your current paycheck. The layoff money comes in a lump sum. Check with a financial adviser or accountant to determine if there are tax advantages to one or the other.
Will I get additional health insurance with the buyout? No. You will be eligible for federal COBRA (Consolidated Omnibus Budget Reconciliation Act) health benefits for 18 months. A subsequent Minnesota COBRA subsidy may be available to workers who are eligible. www.dhs.state.mn.us/healthcare/COBRA.
Do those who leave still pay Guild dues? Guild dues are not deducted from severance payments.
Will buyout/layoff payments be based on your current pay scale? Not necessarily. Per Article VIII, Paragraph 1, severance payments are based on the highest level of pay received in the past 12 months, regardless of whether you take a buyout or are laid off.
If your application for a buyout is accepted, when would be your last day? Most likely you will be told on Jan. 21 when your final day will be. It will most likely be in the following week, to allow time for handling paperwork, but depending on the need to fill behind some people, some may be asked to stay into the week after that.
If I’m laid off, when will my final day be? Two weeks after you’re told.
How much PTO money will I get in a buyout/layoff? You will get a quarter of your PTO allotment.
What about my rolled-over vacation time from 2009? You will get that amount in cash.
When will the company present its list of exempted employees? Managers will inform employees who are exempted.
We appreciate your patience during this difficult time.
Janet Moore/David Chanen, Co-chairs, Star Tribune Newspaper Guild
Vice chairs
Jackie Crosby
Kathe Connair
Myron Medcalf
Pam Miller
Graydon Royce
Janet Moore Bankruptcy