T.R | Title | User | Personal Name | Date | Lines |
---|
672.1 | See topic 526 | CVG::THOMPSON | I'm the NRA | Thu Dec 01 1988 11:11 | 6 |
| I read something in a DEC newsletter a few months ago. If you'll
have 7 years in March then I think you will be fully vested. It may
not happen until the start of the new fiscal year though. I think
they have to wait until the change of the year for things that big.
Alfred
|
672.2 | does anyone <really> know? | BINKLY::WINSTON | Jeff Winston (Hudson, MA) | Thu Dec 01 1988 13:59 | 2 |
| I thought the law said something like all employees who have 7 years
sewrvice as of 1/1/89 must be fully vested as of 1/1/89?
|
672.3 | What about 7 years service *after* 1/1/89? | DACT6::COLEMAN | I'm the NRA | Thu Dec 01 1988 14:46 | 4 |
| So what about someone (like myself) who will have 7 years of service
as of 1/4/89? What does that mean to him/her/me?
Perry
|
672.4 | nothing official yet.... | SPGOPS::HSCOTT | | Fri Dec 02 1988 14:42 | 4 |
| I called Personnel on this very topic last week. According
to my PSA, Digital is still reviewing the tax law changes
and has not yet decided or announced any new policy.
|
672.5 | ??? | BMT::GTRUTT | | Wed Dec 07 1988 08:40 | 2 |
| Forget about personnel. They're like a black hole, you're questions
go in but never return.
|
672.6 | | RAINBO::RU | | Mon Jan 09 1989 13:22 | 5 |
|
The law required that all company should announce a choice
of different pension vest options said in the law by Jan 1, 1989.
I haven't heard anything from DEC yet.
|
672.7 | DEC sets its OWN deadlines... | BINKLY::WINSTON | Jeff Winston (Hudson, MA) | Mon Jan 09 1989 17:54 | 4 |
|
I was told by my PSA that the old vesting system is in place until
July 1, 1989. At that time, DEC will comply with the new rules in
some TBD manner.
|
672.8 | Come again??????????? | INFACT::GARRETT | Curtis W. - Indianapolis | Thu Jan 12 1989 14:17 | 1 |
| But has anyone asked someone who knows something?
|
672.9 | I asked, and received. | BENTLY::EVANS | | Tue Jan 17 1989 18:53 | 5 |
| FWIW: I asked my personnel rep (Debbie Buron) in western area re:
this, and was told that July/this summer, DEC would establish the
new vesting policy(s).
Bruce Evans, Santa Clara
|
672.10 | Everyone does the same thing on 1/1 would be nice | MANFAC::GREENLAW | | Wed Jan 18 1989 09:23 | 6 |
| With all of the usual disclaimers, I think that a company must have
the new vesting policy in place at the start the company's PY when
it begins in 1989. So if the company is on a September to September
PY, then the company would have until September, 1989 to implement
the new policy. Thus, Digital has until the begin of its PY, July,
to get its new policy in place.
|
672.11 | | GRACKL::RATHMELL | Jack Rathmell DTN 229-7783 N123TX | Thu Jan 19 1989 15:24 | 1 |
| What is a PY?
|
672.12 | Typo? | VLNVAX::TSTARLING | | Thu Jan 19 1989 15:29 | 1 |
| Author probably meant FY (fiscal year).
|
672.13 | .12 sneaked in while I was writing .13 | COVERT::COVERT | John R. Covert | Thu Jan 19 1989 15:31 | 6 |
| >What is a PY?
Let's hope it's a Plan Year for the Retirement Plan.
If not, we may have another person who thinks "Fiscal Year" is spelled with a
"Ph".
|
672.14 | Asleep at the keyboard | MANFAC::GREENLAW | | Thu Jan 19 1989 17:14 | 4 |
| RE: .11-.13
Egg dripping down face, I did mean Fiscal Year but was in a hurry
to enter note and leave. That will teach me to watch what my fingers
are typing. Oh well. :-{
|
672.15 | See topic 550 | CVG::THOMPSON | Notes? What's Notes? | Thu Mar 09 1989 10:19 | 3 |
| The definitive topic on this issue appears to be topic 550.
Alfred
|