Thread regarding ExxonMobil Corp. layoffs

Does the 401k vest while on the PIL?

I vest my 401k match next August. If I get the PIP next July do I still get the vesting?

by
| 1555 views | | 7 replies (last ) | Reply
Post ID: @OP+1dtRW79G

7 replies (most recent on top)

Can also confirm it vests while on PIL. Would still talk to benefits people and leave everything in writing if it happens.

by
| | Reply
Post ID: @3neq+1dtRW79G

@plg+1dtRW79G That’s what I needed to know, thank you!

And thanks @rpe, I just wasn’t sure if PIL’ed employees still accrued service towards vesting.

@eon, just planning ahead sir/ma’am. Failing to plan is planning to fail.

by
| | Reply
Post ID: @dih+1dtRW79G

@eon+1dtRW79G such a pity id--t you are. It is people like you that are driving the company towards the ground. You can laugh all you want when you get pipped next. Such a disgraceful id--t you are.

by
| | Reply
Post ID: @ciy+1dtRW79G

Yes you get vested. My colleague took the PIL and it ran through into the 3 year mark and the colleague told me they were vested. I took the PIP so I can make it to where I get vested before I leave, fortunately or unfortunately I got a job with better pay and benefits so I’m going to leave before that point. Ouch!

by
| | Reply
Post ID: @plg+1dtRW79G

no

by
| | Reply
Post ID: @fcu+1dtRW79G

If you are an employee on the vesting date you will be vested. If you are offered pip/pil choice in July taking the pip for a month or 6 weeks before deciding whether to take the pil seems the path to ensure you don’t get screwed further.

by
| | Reply
Post ID: @rpe+1dtRW79G

What a silly question from a troll. You got laid off? Pity we are doing well without all you lazies. Have a good life!

by
| | Reply
Post ID: @eon+1dtRW79G

Post a reply

: