The Motley Fool Discussion Boards

Previous Page

Investing/Strategies / Retirement Investing

URL:  http://boards.fool.com/greetings-rgood-and-welcome-you-asked-i-have-a-10375235.aspx

Subject:  Re: pension plans Date:  10/20/1998  12:59 PM
Author:  TMFPixy Number:  6126 of 78168

Greetings, Rgood, and welcome. You asked:

I have a question about a totally sponsered pension plan by company A.

I worked for co. A for 10 yrs (i am vested in the pension plan). The business unit (that i work in) was sold to co. B.

Co. A did not roll over the pension benefits (money) to co. B.

Co. B states that though yrs of service at co. A will count towards vacation time and medical leave and other things, yrs. of service in co. A will NOT count towards pension in co. B. Co. A is not willing to roll the pension money over to Co. B.

Questions: Is Co. A in their legal rights? I'm 35 yrs old. when i retire, will i have to hunt down Co. A to get my pension money from them?

Also, my pension money from co. A is cut by 40% (ouch)
since my years of service is no longer a