#benefits

So i can switch providers.

Benefits Information for U.S. Employees
January 21, 2025
NEW U.S. SEPARATION PAY PLAN
Introducing a new BNY U.S. Separation Pay Plan (to replace U.S. Supplemental Unemployment Benefit Plan (SUB Plan))
This February we are transitioning from BNY's U.S. Supplemental Unemployment Benefit Plan (SUB Plan) to a new BNY U.S. severance plan (Separation Pay Plan). The transition will simplify severance, align it with industry standards, and provide more flexibility for employees whose roles are eliminated.
The Separation Pay Plan provides financial and healthcare support for eligible employees during career transitions. The key changes will be:
Severance payments will be made as a lump sum (rather than installments).
For employees enrolled in BNY healthcare coverage at notification, an additional lump sum payment will be included as part of the severance package. This will be calculated based on the amount that BNY would have contributed to healthcare benefits for the severance period (with a cap at 20 weeks).
• There will generally be a 30-day notice period during which active pay and benefits continue (previously 2 weeks).
• Severance will not stop or need to be repaid if an employee obtains a new job outside of BNY.
Guidance on Severance Calculations
Eligible employees may receive severance pay equal to the greater of 2 weeks of base pay per year of service (no change from previous plan), or minimums shown in the chart below, with a maximum benefit of 52 weeks of base pay. Separation Pay Plan benefits are subject to the requirement of a fully executed and effective release of claims. All Separation Pay Plan payments are taxable and subject to wage withholding.
Officer Title
Minimum severance under New
Separation Pay Plan
None
4 weeks base salary (same as before,
Analyst/Associate/Senior Associate
8 weeks base salary (same as before)
VP/SVP
12 weeks base salary (same as before)
Director/Senior Director
16 weeks base salary
Managing Director
20 weeks base salary

Total Rewards with LTI gone. No longer available. Removed day before RIF. There goes Dan removing benefits of working here.

I'm considering working at Humana but the 6-week paid maternity leave seems really short compared to their competitors.

It makes me wonder about what they actually value as a company. Has anyone worked there and can tell me what they're really like?"Retry

There is no offer for vacation time?

Did anyone get a package higher than $197,500 all in (vacation payout included)?

Does anyone understand the weeks of medical benefit line? Does that mean we keep our insurance for that many weeks? Or is that strictly cobra coverage? They don’t explain anything.

I want to start downloading all my necessary info like paystubs, benefits, reviews, etc to my personal laptop

What happens to health benefits when we're laid off? Do we get any kind of coverage or do we get cut off immediately?

Are healthcare contributions paid in full by Vz, or is the affected employee still responsible for the portion he or she has been paying all along? Are dental and vision included in the coverage along with health?

ATT’s Assistance programs are an absolute joke. Going through IVF is already a headache and then when you submit a claim a few months past their arbitrary deadline (even with receipts) it’s denied. Been nothing but loyal to the company since I’ve been here. They don’t even advertise these programs either. You have to click through 20 different HROneStop links to even know they exist.

For staff 60 and older, will Vz give the option to be laid off or take early (forced) retirement? I keep hearing about retirement program where if you are at least 60 and haven’t least 15 yrs service you might be eligible for retirement benefits…in addition to RIF package?

Would also suggest making sure your Benefits Connection sign ons are working if you haven't signed on in awhile AND that you can sign on from a personal PC at home.
If close to retirement age or over 65, there are insurance options on there as well plus a link to Via Benefits for secondary insurance coverage

For those who were laid off or had this knowledge, how long does it take for Verizon to take away the 50% discount for your monthly phone plan after your final day at VZ?

Curious what (if any) severance they’ve been giving people during these re-orgs. Is it paid as a lump sum or every 2 weeks like a usual paycheck? Do they give a few weeks/month of benefits so these folks aren’t scrambling for immediate coverage?

Just one more f you. I am thankful to have a lump sum pension of note (30+ yr employee) but I just lost about 35K.

According to the options during open enrollment, it looks like WF is moving to MetLife for its disability benefits? Is that true?

Does anyone know if you can collect unemployment if you have been given severance?

Jobs sit empty, people quit without warning, and benefits keep shrinking while profits grow. Don't even get me started on the raises. This is not an employee friendly place and it never was.

Adobe has chosen not to give an FSA lump sum at the start of 2026. Something they've done since I started in 2011. Rather, they are going to spread it out over January to October. That significant change, among many other things I'm seeing around AI, suggests to me that they are aligning corp expenditures around planned mass layoffs at some point in 2026.

Can anyone provide some guidance on when and how to apply for unemployment benefits in New Jersey? Do you wait until you’re off payroll? Or when your severance runs out?

I just found out that the cost for my mental health visits will double in 2026. WTF is the ELT thinking by slashing mental health benefits, especially at a time that employees need this most? MW and the rest of them will have bl00d on their hands if someone who is on the brink is pushed over in desperation, seeing care they desperately need.

My RSU will be vesting in first week of Dec but I got laid off as of today 14th. Along with notice period and garden leave, the last day is on Dec 12th. Will i be eligible to receive RSU's or they will forefiet it.

in the offbording package, they havent' mentioned anything specific on RSU's other than saying, the benfits will continue until the last day.

The only thing company has to do to avoid the 90 day notice is to be giving enough severance and benefits to cover the 90 days .So they let you go today as long as your getting enough pay and benefits for next 90 days there you go.So verizon already provides severance and benefits to leave no need for prior 90 before being let go

It ends today. I’ve been pondering one thing as relates to flex and as a severed employee I have to get a live human on the phone. I don’t think I can do it online be it on the web or the workday app.

hi, if by 11/7/2025 pay, I have reached the IRS limit of total gross income (base + bonus) and the limit for total contributions (before and after-tax from employee and chevron match), what else can I do now to continue receiving chevron's 8% match to the end of 2025?

What is Charter's retirement age and years of service is needed to retire? Also, does Charter offers subsidized health insurance in retirement? With the merger, I'm sure this policy will change to either Cox's terms or stay as Charter after the merger. Hopefully people can hold on to receive those retirement benefits.

No more anniversary recognition check. Still get the gift, for now.

Got laid off yesterday. Have been working in synopsys from last 3.6yrs. Not sure what range of severance package should expect?
No formal HR communication!
Any help regarding Irish benifits?

Thiight the town hall was filled with energy and engagement. Wonderful to see. It’s obvious how much the executive team prioritizes us employees. The town halls are always so engaging. I commend them. Love our benefits too.

... just not Legacy Xerox folks. That's fu--ing delightful.

Can you anyone advice about severance. I feel the package offered was very low or is it just like this?

Completed 1 year + week
Payout includes : 2 weeks of notice pay
3 weeks pay in lieu
CIP payout
RSU (not sure, if it will be vested, vesting date in mid-dec

Is it expected or can i negotiate and if so what should i ask?

Thanks to the Johnny and Jeffrey sh-t show, our insurance tripled in cost. Same exact options at a worse provider. This is what Leadership and The Board thinks of us who gave them decades of our lives.

Layoff Communication Timeline
• EVP/SVPs: Notified last week
• VPs: Being notified this week
• AVPs/Senior Directors: To be notified next week
• Direct Managers: Will notify impacted employees on 11/20 via phone call only (no WebEx or video)

⸻

Post-Notification Details
• Impacted employees will be removed from payroll on:
• 12/20, 1/20, or 2/20, depending on state notification rules
• After notification:
• No office visits allowed
• Work limited to transition duties only

⸻

Compensation & Benefits
• Bonuses: Paid out at 100% for the year (no proration)
• Accrued vacation: Fully paid out
• Stock awards: Will fully vest at their scheduled times — no loss of stock value
• Unemployment: Eligible, even if listed as “forced retirement”
• Severance:
• 2 weeks per year of service, up to a maximum cap per job band

⸻

Additional Context
• Further layoff rounds expected over the next couple of years
• Current phase involves 20% cost reductions
• Company undergoing major restructuring — work methods and operations will significantly change

I’ve retired, still not Medicare eligible and my insurance carrier is changing during COBRA. I don’t know why. I’ve called HR/Benefits 3 times, each time I speak with someone, they tell me that I will have answer within a few days. I had the one person create a ticket number, of course, no one informs me of anything. Today, when I called for the 3rd time, rep tells me the answer they put in the ticket was “insurance carrier changed”. No sh$$ sherlock, yes I know that, that’s what I’m asking is why did it change.
Would anyone know why it would change. Yes, my address changed to a different state, so I’m assuming that’s the reason why.

Hello
Can someone please post the current retirement calculation?

I was laid-off, now past severance with no access to current docs. I am getting paperwork from WF calling me a retiree and including sign-up docs and sites for retiree benefits. Yes, I know, there are really no retirement 'benefits'. Just curious why this is happening.

Thanks

Benefits in 2026 are virtually nonexistent, and I can't believe there hasn't been a lawsuit. Wages are equally terrible. It’s a shame. Employees face exploitation at every level, while management is taking advantage of workers whenever they can.

Planning for some time off after this. Navigating healthcare while unemployed sounds like a nightmare.

For the co-pay plan, there's a premium increase of about 34%. That and the deductibles are going up across the board. Glad we're able to sacrifice for the shareholders!

Severed employee here who is nearing the end of my benefits. Considering COBRA for next year, amongst other ACA options, but wondering if anyone has any ideas on 2026 COBRA rates. I called the 'hotline' this week and they still do not have any ideas on rates stating 'call back mid December'. This is getting a bit too '11th hour' for my liking as I'd like to have some time to review options if need be prior to end of year when my WF benefits run out. Wondering if anyone else is in the same predicament and if anyone has any ideas on expected % increase of COBRA benefits compared to 2025 COBRA amounts.