Thread regarding Bank of New York Mellon Corp. layoffs

Severence for L grade?

Hi. I know its based on tenure but is it one week or two weeks per tenure year?

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Post ID: @OP+1rFLjNCv

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No severance, just sub pay. 2 weeks for every year employed. If you find a new job, you forfeit any sub pay. If you’re let go “due to economic reasons” and don’t sign your “Attest” form, they will deny your unemployment and tell the labor dept you quit.

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Post ID: @6fpg+1rFLjNCv

I think it’s 4 weeks, plus 2 weeks per year worked. May differ by location. Going to have to try and look that up. I’m sure it’s buried DEEP in MySource

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Post ID: @3bth+1rFLjNCv

L - 12 weeks or 2 weeks per year, whichever is greater.

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Post ID: @hzc+1rFLjNCv

No severance, just SUB.

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Post ID: @pij+1rFLjNCv

I know some people roll their eyes at being corrected that it’s SUB not “severance”, but the difference is actually very important!

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Post ID: @czk+1rFLjNCv

2 weeks per yr. But there is a minimum number of weeks based on your grade.

K is 3 mths. Not sure if L is still three months or in the next bucket

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Post ID: @bbj+1rFLjNCv

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