Thread regarding Bank of New York Mellon Corp. layoffs

Is the sub pay paid all at once? Or it’s bi weekly

Is it one lump sum or bi weekly until it ends or we find another job

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| 3285 views | | 7 replies (last January 16, 2024) | Reply
Post ID: @OP+1qxq5BVN

7 replies (most recent on top)

Bi weekly. If you get a new job, the sub payment terminates. Lump sum payments are typically for severance. SUB is not severance.

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Post ID: @4isw+1qxq5BVN

@qkf - once your state unemployment ends, one can still collect SUB until one's earned SUB payments are exhausted. I know from firsthand experience. My state unemployment ended after 26 weeks (max for PA), but I continued to receive the full 52 weeks of SUB to which I was entitled, having worked at BNYM for 30+ years before they gave me the boot a day before my 60th birthday.

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Post ID: @1ekk+1qxq5BVN

SUB stops once you get any sort of a job, even part time

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Post ID: @fve+1qxq5BVN

VVV the only time they do is if you run out of UE, not if you get a job. But that would be pretty rare unless you didn't work before being hired here and were an upper grade where you qualify for a minimum SUB package.

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Post ID: @iic+1qxq5BVN

@ngk, why on earth would you think supplemental unemployment benefits would continue once you're not getting unemployment???

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Post ID: @qkf+1qxq5BVN

I don’t believe payments stop if you get another job unless that job is with BNYM or a BNYM affiliate.

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Post ID: @ngk+1qxq5BVN

Same schedule as regular pay - they have it semi monthly so that if you get even a part time job they can stop it right away. Full payout upfront isn’t an option.

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Post ID: @wec+1qxq5BVN

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