The 1500 will now be spread out over each pay period.
This su-ks.
7 replies (most recent on top)
@cx are you d-mb. You get it all up front instead of spreading it out, so you lose money if you leave.
Is the HSA payout the full portion or just US Banks contribution?
If I throw in 1000 on top of US Banks $750, is my $1000 available immediately?
We work for a bank, and they hire people who know how to count. When they can lead an organization for growth, they look to the employees to cover the margin, which include:
- Going from being paid twice a month to every two weeks + delayed
- Funding 401k matches after the year
- The HSA change being referenced here
- Every benefit change ever to an existing benefit
- Cut remote roles to basically 0-1.5% raises
- and so on...(you may add to the list)
The sad part, is most of the ideas come from people like you and me who are just trying to keep the job, so the sell out the whole for 1 more year. (or just say yes to a McKinsey idea)
There is zero upside for the employees here. Doesn't matter when you plan to leave.
Another sign of mass layoffs next year.
@cx Depends when you're trying to leave. I think a lot of people wanted to get their bonus paycheck in then bounce, and this method will see them receive maybe half of the first half HSA contribution they would have otherwise received under the old scheme.
It’s good for those like me who do not plan to stay long here. Rather get it each pay period than to miss half or more when leaving.