From: russ@russ.net
Newsgroups: misc.invest.financial-plan
Subject: Pension plan and vesting and grandfathering
Date: 9 Aug 2005 09:10:02 GMT
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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
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