Thread regarding Bank of New York Mellon Corp. layoffs

Policy question on resignation

What happens if I resign during the first week of Dec (just to be eligible for 401k match), then the year end performance review happens and my manager had already decided to give me 5 rating?

  1. Will I be able to serve the 30 day notice period, get the match and leave in Jan first week
    or
  2. Will HR say all 5 will be let go before 12/31 including those already resigned?

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| 17233 views | | 5 replies (last October 4) | Reply
Post ID: @OP+1k6dx2qa1

5 replies (most recent on top)

Matching 401k contributions take 3 years to vest, so if you're leaving within 3 years it doesn't matter if you're still with the bank when they post the match

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Post ID: @s3+1k6dx2qa1

@a4 has the correct answer. I would not assume you are receiving anything. Plan for the worst, hope for the best.

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Post ID: @dk+1k6dx2qa1

I believe the policy also states that they can choose to not enforce the 30 days. So if it benefits them they may cut you early.

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Post ID: @dc+1k6dx2qa1

To be eligible for the 401(k) matching contribution, you must be employed with the company on January 1, 2026.If you submit your resignation in the first week of December and set your last working day as January 2, 2026, you would still be employed on January 1, 2026, and therefore may qualify for the 401(k) matching contribution.

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Post ID: @b7+1k6dx2qa1

Whatever the decision may be, rest assured the outcome will favor the least cost option for the bank.

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Post ID: @a4+1k6dx2qa1

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