almost there
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- Joined
- Sep 24, 2008
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2 employees join Mega corp Elect. Utility in 1982.
One employee is 20 (A), the other 30yrs old.(B)
(Same jobs / pay moving up through the yrs)
Fast forward to 2012 the 30 yr old is now 60 with a 750k pension.
The 20 yr old's pension is now 250k.
To get close to the same pension employee A would have to work 42 yrs with the Co rather than 30yrs like employee B.
Employees needed x amount points in 2000 to keep the old plan.
Age plus years of service. Mega corp Utility spends millions a year on lawyers, so I am pretty sure this was legal at the time.
Both employees signed up for the same plan, yet one employee's plan changed due to age?
Is this age discrimination?
Or are pensions a benefit that can change / disappear at the whim of the Co?
(Not trying to scare Gov. workers, teachers, or other state employee's)
One employee is 20 (A), the other 30yrs old.(B)
(Same jobs / pay moving up through the yrs)
Fast forward to 2012 the 30 yr old is now 60 with a 750k pension.
The 20 yr old's pension is now 250k.
To get close to the same pension employee A would have to work 42 yrs with the Co rather than 30yrs like employee B.
Employees needed x amount points in 2000 to keep the old plan.
Age plus years of service. Mega corp Utility spends millions a year on lawyers, so I am pretty sure this was legal at the time.
Both employees signed up for the same plan, yet one employee's plan changed due to age?
Is this age discrimination?
Or are pensions a benefit that can change / disappear at the whim of the Co?
(Not trying to scare Gov. workers, teachers, or other state employee's)
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