Thread regarding Verizon Communications Inc. layoffs

Additional 401K Match and Stock Option Payout

I took the package and left the end of last year. Does anyone know when the additional 401K match will be posted an what the percentage is this year assuming there is an additional match?

What about that stock payments? When should we be getting that?

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| 1152 views | | 4 replies (last March 21, 2019) | Reply
Post ID: @OP+Y59h7rD

4 replies (most recent on top)

It is direct deposit for stock bonus. You can see paystub at the Verizon work history site

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Post ID: @6bco+Y59h7rD

All the above is correct... I called payroll and they said that direct deposit usually stops after being off payroll for 60 days. So those of us that left in December make sure your address is update because we may get a paper check for our RSU. The other will just be deposited directly in our 401k account.

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Post ID: @lpp+Y59h7rD

3% 401k match in a few weeks. RSU payout 3/22.

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Post ID: @fdh+Y59h7rD

It's all on March 22nd IIRC. The amounts for both have been discussed elsewhere on this site. I think the stock payment is like $1400 and change before taxes. The profit sharing is 3% this year.

Again, all on 3/22.

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Post ID: @ffo+Y59h7rD

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