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drnuncheon t1_j6khmlx wrote

Reply to comment by chippyinairplane in BNY Mellon takes unusual step in overhauling its 401(k) plan by Jumpy-Natural4868

And they get to not pay anyone who quits or gets laid off

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CARLEtheCamry t1_j6l1qti wrote

Talk about insult to injury, they're taking (up to) just 6% off someone you just laid off's salary if they lay them off.

Like not just lay you off, but setting back your retirement savings a year for a figure of 6% of their salary which is peanuts even relative to the salary itself that they will be saving.

They could write this into an episode of the Simpsons as something Mr. Burns would do.

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