Email just went out about 401k matches being distributed the following year, end of first quarter for the prior year starting Jan 2023. Just when you think you’ve seen every way they can sc--w you….think again.
51 replies (most recent on top)
This is pretty bad. We should not stand for this. Have been working on my exit already, so should not matter too much to me.
Guess tractor boy can buy a new Kubota😎
They should have offered and extra % or two of match to take the sting out of this screwing. Bad move of BNY's part. They will loose people as a result. Maybe that's their angle.
I seriously wake up every morning and ask myself “What is BNYM going to take away from me today?”
This one really sucks though!
You have to admire him, Robin Vince is one cold blooded mother f—r. Take what you are given or leave, we are going to take your float and don’t leave or you lose it. Doesn’t affect him with his golden parachute either.
I'm actually surprised they did this. It's really freaking incredible. On one hand they want to force people out, but this will ironically force some people to stay. What a bunch of bullsh-t.
Add this to the long list of things each year they do to reduce our compensation and/or benefits. Just ridiculous
fu-k you BNY. financial institution my brown cheeks
Get laid off anytime through September 30 of the year, no match given. Real nice.
Really, how can they expect to retain people?
Or maybe this is one of the tools management use to give people a push to leave on their own (like forced RTO).
But if you're RIFd you will get the deferred matching.
Usually I’m one of the people on this board taking the contrarian opinion to most of the complaining taking place in the various posts.
But this one really got be going. This is a huge change for the worse for employees. Aside from the obvious that if you decide to take a new role during the year, you forfeit thousands in matched contributions, you are also losing out on significant compound interest by deferring the date on which the contributions starts working in your favor. I’m super pi---d about this one, BNY can eat it.