Severance payments are made by the same method used for your paycheck; if you had direct deposit, your severance will come to you in the same manner. If you are presently being paid by check and you would like direct deposit for your severance payments, it would be a good idea to make that change soon, before the plant closes.
If you have a Crestar account and Deluxe has been paying the service charge, consider that the company will stop paying the service charge when you are terminated. Regular checking accounts require that a minimum balance of $750 be maintained to prevent an $8 per month service charge. If you shop around and find a better deal on another checking account, then you'll need to change your severance direct deposit to the new account before the plant closes.
Vacation pay is normally included with the last paycheck you receive before termination. Occasionally the vacation pay comes in a separate check that should be received within a week of the last payroll check. Remember that the vacation checks are taxed at the supplemental income rate, so more tax will be deducted than might normally be expected.
A few people have had severance payments stopped before they should have been. Make sure you know how many weeks pay you should receive and keep a record of all payments received. It's a good idea to mark them on a calendar and keep your check stubs. If your payments stop before they should, contact the Deluxe payroll department at 1-800-784-7382. Press "1" for hourly employees. Before you call, be sure you have any information that might be needed at your fingertips; for example, your social security number, your employee number, the date your severance payments began and the number of severance payments you are entitled to.
If you choose to keep your Deluxe health insurance, remember that you will get a letter soon after leaving that says your coverage has
been terminated. You should receive another letter that will include a bill and show that your insurance was reinstated with no break in
coverage. If you do not receive the second letter and the bill within two weeks of the first letter, call the Hewitt number (1-877-U-ASK-DLX)
to verify coverage.
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