Go To Mortgage 101

Return To Group Index

From: russ@russ.net
Newsgroups: misc.invest.financial-plan
Subject: Pension plan and vesting and grandfathering
Date: 9 Aug 2005 09:10:02 GMT
   posting-account=kTFEdQwAAACg4KX-KawMJnemvjMOogfE
	iQBVAwUAQvhwqfl/I4+O31e5AQFvPQIA4RBbJLojdjvjce0iStnLdGM3M9XMRbqn
	Pdwjx+9CDZCuwuBhqR7J3IiSG2CkURcwEYwAn5YDRxzAuAAXpq973A==
	=PzSI

My company has a pension plan that when I was hired vested 33% at 3
years, 66% at 4 years, and 100% at 5 years.  A year after I was hired,
they changed it so it just vests 100% at 5 years and nothing any
sooner.

Can they change this legally?  Or is there a law that says they have to
grandfather employees hired before the date they changed it into the
old vesting schedule?

Thanks