Not sure about you guys, but I absolutely love the clarity around our 401k and personal wealth accounts. What “options” will we have for our 401k accounts? What the hell is happening to that $$$ in our personal wealth accounts? Is that being rolled into a similar Oxy program, rolled into something we choose, or paid out? Pretty vague to just tell us that our 401k plans will be terminated and personal wealth account benefit will be “unchanged”.
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What about those people that will be sold on to Total..how those losers must be feeling. They have no idea what sh– is about to be poured down their path...
It should be vested at once if an APC employee has more than 3 years service. One should get credit for years prior to merger.
PWA is instantly vested (yours to keep). Oxy is 7% match and a 7% retirement plan thats vested after 3 years.
They money will be gone.
Stop freaking out. The money in your PWA is for you to keep. It may just stay in an account with fidelity or we maybe able to roll it into another account of similar characteristics. I actually thought it was a nice update. There’s only so much they can do and say until we close. Calm your ti+s.