BNY Mellon Benefits Guide
Flex Vacation Purchase
In addition to your regular earned vacation, BNY Mellon offers you the opportunity to purchase additional vacation time during fall Open Enrollment.
Your flex vacation choices (if hired prior to November 30, 2018):
Your cost for each option depends on your annual base pay. The annual cost of each vacation day is your annual base pay (as of September 1, 2018, or your hire date, if later) divided by 260. That annual cost is then divided by 24 to determine your cost per-pay.
If you work part time, each flex vacation day you purchase is equal to 1/5 of your weekly work hours. For example, if you work 25 hours a week, each flex vacation day you purchase would be equal to five work hours.
Additional vacation days can be helpful if you know you'll definitely use them. Consider whether you have an upcoming event that you know will require extra time away from work, like getting married, having a child, attending a family reunion or planning a move and then make your flex vacation purchase decisions.