Laid off due to COVID Pandemic, Now what?

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  • #66302

    I’m feeling so discouraged right now. I’ve completed all of my action plan stuff, saved my MRF, and was just waiting on my qualification appointment scheduled for next month and I got laid off from my job today because COVID-19 caused my company’s sales to tank and they can’t afford to pay us.

    I’m trying my hardest to find new employment but the job market amongst this international crisis is awful and I doubt I’ll be able to secure something within the next couple of weeks.

    My understanding is that an employment gab of more than 2 weeks will set me back at least a year when it comes to qualification, correct?

    I’m just feeling so depressed and discouraged about this whole thing.

    #66303
    2BLESSED
    Member

    Covid-19 will eventually run its course. Unfortunately, it is crippling business everywhere. Please try to stay encouraged and don’t give up! I am positive that NACA/B of A are well aware of the effects of this crisis and will accommodate where they can. Praying for your bounce back into the job market.

    #66308
    Peapod0609
    Member

    @TattedQueen87 in general this would set you back a year. But this is absolutely a case where exceptions will likely be made due to the COVID-19 pandemic. I wouldn’t stress too much about losing standing with NACA, I would not imagine something like this would count against you.

    #66325
    TTrumble
    Member

    Hello TattedQueen87,

    The length of time you are out of work will make all the difference. Remember that NACA’s fundamental policy is that employment gaps of less than 30 days will not affect your eligibility. I’m hoping that all these extraordinary measures being taken means this whole thing will subside in a couple of weeks.

    I can’t say for sure, but my guess is that the 30-day rule will NOT be waived because of the virus scare. That is just too big a bite for the bank to swallow.

    That having been said, if this crisis goes on beyond 30 days, you can bet Bruce Marks will go to bat for an exemption for those who can prove their employment gap was directly caused by the Coronavirus situation. In other words, we’ll simply have to wait and see.

    Tim Trumble
    Online Operations, NACA
    ttrumble@naca.com

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