Create an account
when you quit?
17th-Sep-2008 10:08 am
what do you get paid for when you quit walmart? do you get personal time and vacation time paid out? what about profit sharing. when do you get that?
17th-Sep-2008 03:01 pm (UTC)
You get your vacation time. You do not get your personal time, nor do you get the profit sharing.
At least that's how it worked for my husband 15 months ago.
17th-Sep-2008 04:16 pm (UTC)
you should get at least part of the profit sharing depending on how long you were employed and the percentage you are vested.
I don't remember how long it takes.
17th-Sep-2008 08:19 pm (UTC)
When my husband quit last year, he received his vacation but not personal time. He also received the portion he put into the profit sharing but not what Wal Mart put into the account for him.
17th-Sep-2008 09:56 pm (UTC)
use your personal time before you quit. if you are fully vested you should get 100% of your profit sharing.
18th-Sep-2008 09:57 am (UTC)
we don't put into the profit sharing. It's totally company paid. Maybe it was the 401K. That is also company funded but associates can pay into it also.
18th-Sep-2008 01:26 am (UTC)
Some states mandate vacation, accrued vacation, and personal time. Other states it's just the vacation time, so it does depend on the state rules and regulations.
18th-Sep-2008 12:57 pm (UTC)
You get your vacation pay in your last check (that you have to pick up in person, even if you have direct deposit).
You get your vested interest in both profit sharing and 401K. They send paperwork in about a month and it gives you options of how you want it. (directly to you, roll over to another 401K, etc.) Read this carefully. If you don't make any choice before a certain date, they will send a check directly to you.
18th-Sep-2008 03:03 pm (UTC)
Remember that there is a 20% penalty if you are under 59 1/2.
21st-Sep-2008 04:54 pm (UTC)
Metric or inches?
Height or years?
Possibly true if not rolled over or directed.
Leave a Comment to the Entry
when you quit?
Site & User
This page was loaded Nov 21st 2017, 4:21 am GMT.