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Senior Member
Join Date: Jun 2000
Location: N. Phoenix AZ USA
Posts: 28,977
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Quote:
Originally posted by Moses
If the retirement value is big, you accept the extension with a guaranteed contract of employment that extends beyond vesting.
You tell the new employer that you are sorry, but the old employer made a sweeter deal.
It's business, man. Take care of yourself.
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Totally agree but GET IT IN WRITING! This is his retirement.
My old company let 20% of us go three weeks after 9/11. Tried to screw us out of our pension as most of us were two months short of having the fifth year (vesting year) at the place. Found out that with non hourly employees the we had only to do 1500 hours of work in a year to be vested for the year. Advised about 20 of us who were sweating about it.
Now the company hates me because I cost them hundreds of thousands in retirement for 20 people. Sorry but I could care less and they owed us the retirement and we worked for it.
Joe A
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2021 Subaru Legacy, 2002 Dodge Ram 2500 Cummins (the workhorse), 1992 Jaguar XJ S-3 V-12 VDP (one of only 100 examples made), 1969 Jaguar XJ (been in the family since new), 1985 911 Targa backdated to 1973 RS specs with a 3.6 shoehorned in the back, 1959 Austin Healey Sprite (former SCCA H-Prod), 1995 BMW R1100RSL, 1971 & '72 BMW R75/5 "Toaster," Ural Tourist w/sidecar, 1949 Aeronca Sedan / QB
Last edited by Joeaksa; 06-13-2006 at 04:52 PM..
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