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Nope. My dad worked for a company for most of his life. They dropped pensions during his tenure and he got nothing.
by kayodelycaon 3y ago
Nope. My dad worked for a company for most of his life. They dropped pensions during his tenure and he got nothing.
- PopAlongKid 3y agoThat's odd. Usually an employee is vested after five years. That means that even if they leave before "retirement" age (defined by the employer), they still get an annuity based on their vesting. When a company eliminates pensions, it applies to new hires and perhaps future contributions but does not retroactively eliminate benefits already accrued.