Thread regarding Verizon Communications Inc. layoffs

Does 401k vest if you're laid off before year 3?

Just wondering.

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Post ID: @106m97kU

9 replies (most recent on top)

If you are laid off you are fully vested in the value of the company contributions.

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Post ID: @106m97kU-7lry

https://www.salary.com/articles/will-my-company-take-back-my-unvested-options-if-i-get-laid-off/

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Post ID: @106m97kU-7qvu

Yes you do don't listen to these dummy people

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Post ID: @106m97kU-4amu

You must be with the company for 3 years to receive the matching funds, if you leave under any circumstance those dollars are forfeited.

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Post ID: @106m97kU-3gjp

Yes, you fully vest in the company match if you are laid off or are accepted for VSP.

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Post ID: @106m97kU-1akr

I wouldn't worry about it. Under the contract they are required to offer an EISP which is designed to alleviate surplus by incentivizing senior people to leave. There are legions chomping at the bit to leave. You are pretty much layoff proof if you have less than three years, at least in my area NY.

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Post ID: @106m97kU-qmb

company match is a 3 year vest

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Post ID: @106m97kU-ueu

Your $$ contribution is yours. The company match has a 5 year vesting period if I remember correctly.

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Post ID: @106m97kU-rsq

No. Sorry.

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Post ID: @106m97kU-pgm

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