Thread regarding Bank of New York Mellon Corp. layoffs

I was part of the layoff in May.
I was told that even though I'm TURNING 60 this year, December 2025, because I didn't ATTAIN the age of 60 in May / June, I will NOT be entitled to the company match. That's criminal.

Even if you are laid off with a severance it will be called - TERMINATION.

Do not read into that terminology. There are certain protections, like age related, health related where the firm cannot deny you the match. And from what I have known from my let go colleagues the firm has been fair and has not denied the match.

Even the one RTO violation related termination did receive the 401k match in March thanks to the age related exception.

We may not like BNY but they have to abide by the protections provided by law. I do not think they are violating that. May be there are few grey areas but they do tread pretty carefully.

@ff In my case they terminated me without cause. I was put on PIP and was told I did not pass even though I did a great job. I was a product marketer in Marketing and the reason I was put on PIP for not being too analytical which is not part of my job. All I will say is if you are put on PIP you are done.

So where it says YOU Terminate....does this mean if they terminate, no match?

You terminate employment during the applicable Plan year and, as of your employment
termination date, you have attained the age of 60 with the sum of your age and vesting
service (in both instances, full and partial years) at least equal to 65
For more information on this and other provisions of the Plan, refer to the SPD and Plan Prospectus

@dj Thanks. I have to say this is some shady sh-t that a mom n pop company would do.

@ce The version I posted was from 4/10/25, so they may have changed it since then. I couldn't find it when searching yesterday. The link I had is a 404 now, like so many of the links in their junk db.

@OP this is very helpful. I just received my separation agreement and this a—holes removed the 3rd para. This is what I have in my separation agreement for 401k. “ 401(K) SAVINGS PLAN
Plan Name
The Bank of New York Mellon Corporation 401(k) Savings Plan (the “401(k) Plan”)
The 401(k) Plan is an account-based benefit that is designed to help you save for the future. The
assets you have accumulated during your employment with BNY may include tax advantaged
contributions made by you and/or by BNY.
Eligibility
All U.S. salaried and hourly employees of The Bank of New York Mellon Corporation are
immediately eligible to participate in the 401(k) Plan
Eligibility for Company Matching Contribution:
To be eligible to receive a Company Matching Contribution you must contribute to the Plan and
meet one of the following criteria:
• You are an active employee on the last day of the applicable Plan year (an active employee
for this purpose is defined as an employee who is currently employed or on approved
leave of absence, excluding long- term disability), or
12
• You terminate employment during the applicable Plan year and, as of your employment
termination date, you have attained the age of 60 with the sum of your age and vesting
service (in both instances, full and partial years) at least equal to 65
For more information on this and other provisions of the Plan, refer to the SPD and Plan Prospectus
on the Plan website: http://www.bnymellon401k.com”

Can you please confirm is this is what you see in my sources and it is the most updated one.

Thanks

@OP thank you