DuPont circa 1984 ** -- hokiewasp 02/28/2020 9:05PMInsert a Link
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Interesting thing going on at work. The company that I hired on with -- ElbertoHokie 02/28/2020 11:24AM DuPont circa 1984 ** -- hokiewasp 02/28/2020 9:05PM Same thing happened at my company like 10 years ago. -- OrlandoHokie 02/28/2020 4:09PM Is there anyway they can stay with the company, but have their pension... -- EDGEMAN 02/28/2020 1:45PM Nope. Their employment has to cease. ** -- ElbertoHokie 02/28/2020 2:12PM Can they be rehired? -- EDGEMAN 02/28/2020 2:20PM Maybe. It would be an easy way for the company to eliminate some higher -- ElbertoHokie 02/28/2020 2:46PM Tax issue -- swordsman1 02/28/2020 1:32PM Roll over the lump sum into your existing 401K. That's what I did with -- Late 80s Hokie 02/28/2020 1:37PM Exactly! ** -- EDGEMAN 02/28/2020 1:46PM We’re doing the same; two-tier benefits an option -- WestyHokie 02/28/2020 12:51PM It depends on the discount rate used to calculate the payment -- GreenvilleVT 02/28/2020 2:26PM 2% ** -- ElbertoHokie 02/28/2020 4:11PM Don’t forget tax impact. -- GreenvilleVT 02/28/2020 4:22PM I'd take the lump sum. Too many stories of companies going bankrupt -- MCL3 Hokie 02/28/2020 1:27PM Bingo. The company isnt doing great either. ** -- ElbertoHokie 02/28/2020 2:13PM Pensions often get cut in part or whole in bankruptcy ** -- GreenvilleVT 02/28/2020 2:27PM Makes sense right? Pensions are there to keep talent... -- `lag 02/28/2020 12:37PM Probably exactly what the company wants. ** -- Stork 02/28/2020 12:20PM Sounds like a golden opportunity for ElbertoHokie to climb the ranks ** -- MP4VT2004 02/28/2020 11:35AM Perhaps... or they all become consultants. ** -- HokieSignGuy 02/28/2020 11:28AMTech Sideline is Presented By:
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