What is it ?
Impossible to find.
7 replies (most recent on top)
So should I take the severance package?
Max is 52 weeks for SUB pay
What"s the max?
Lei is correct. 2 weeks pay for each year of service. In NY you can collect unemployment at the same time. Once you find a new job the sub pay stops.
should I take the SUB or ask for regular severance?
I know who wrote this. You will not be getting a severance package.
It's not a severance deal. It's called SUB: Supplemental Unemployment Benefits. You may be able to find it under that under the HR site. Very basic: 2 weeks of pay for every year of service. Minor tweaks under different circumstances. However, if you find work while collecting SUB, it is at risk of being stopped. I forget how long ago BNY MELLON stopped the severance. It used to be a lump sum. They did find a reason to end it, though. Maybe back in 2000.