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Author: rgood Big red star, 1000 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 77084  
Subject: pension plans Date: 10/19/1998 8:35 PM
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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 accumulating with them.

As far as pension from co. B, years of service start jan 1, 1999.
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