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Deliver the news in person (1-on-1 script)
US rule: speak with your manager directly before sending formal emails.
Read the Expert Guide
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401(k) Loans & Separation: The Offset Trap
A 401(k) loan turns into a taxable distribution at separation: most plans require full repayment within 60 days of termination, and unpaid balances count as income plus an early penalty if …
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409A Valuations & Equity Records
The 409A valuation sets your option strike price: valuations update every 12 months, and the audit trail (grant dates, valuation dates, sales, and plan terms) decides the tax treatment. Kee…
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ACA Special Enrollment: 60-Day Windows
ACA special enrollment opens 60 days from the life event: coverage loss, marriage, birth, move, and job changes. The 30-day change notice protects subsidies, and Medicaid jumps when income …
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Break in Service: Pension & Vesting Restart Rules
Most plans treat 12+ months away as a break: pension accrual restarts, seniority resets, and some plans re-grade vesting from zero. Return within a year keeps continuity in many plans — the…
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Frequently Asked Questions
When is the final check owed?
Federal law requires pay for all hours worked; state law sets the timing. California pays immediately at a quit, Colorado within hours of a layoff notice, Illinois on the next cycle. Check the state map (/guides-final-pay-states.html).
Does accrued PTO count?
In CA, CO, DC, ME, MN, NV, and VA, accrued vacation has wage status and is paid at separation. In IL, CT, MA, PA, and TX, the written policy, plan, or CBA controls, and a valid forfeiture term can wipe the balance. The PTO guide (/guides-pto.html) and state PTO laws (/guides-state-pto-laws.html) split the difference.
What if they pay late?
Several states add penalties, and wage claims can carry attorney fees. The wage claim guide (/guides-wage-claim.html) and fee-shifting map (/guides-fee-shifting.html) show the route.