Do you think we’re more of a target for a layoff if we’re under five years?
When u got hired it was a big deal Fidelity wanted us to stay on and it seemed they wanted us happy now I’m worried since I’m just a year a way from fully vested.
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@c4 lol - ok not because you were a poor performer or your job wasn't needed?
@c4 Vesting applies only to employer money. Employee money is always 100% vested.
me nd my friends were all riffed exactly after 3 years in grade 4 & 5 specifically because our vesting is a factor in fidelity's balancesheets and they can take employee money and pocket them
I doubt it, contributions made on your behalf, that you don’t own, will be used as future contributions to others: that money goes into a “forfeiture account” It is not like Fido gets the money back, yes it lowers their future contributions, but IMO there are too many variables to ensure Fido benefits. Plus the last thing Fido wants is an ERISA issue.
It hasn’t been a factor in the past. My experience was more people with 5+ years of service were RIF’d than those with less.