Hi friends,
I’m currently undergoing a PiP and I just don’t want to do it anymore. On the MLRP site, it says you are able to take the Excused with Pay Option, “at the company’s discretion”.
Has anyone not been given this option and fired instead?
6 replies (most recent on top)
Quick question:
Why don't you want to do it anymore?
I think that matters.
Late Career Planning Class by EY says the policy changed June 1 2020 and everyone can take their lump sum when they quit or terminated. I wonder if they are starting to plan for an end to the pension plan?
@fqm Yes, they pay out the lump sum if you separated from the company for any reason since sometime mid-2020. The policy was implemented during the layoff last year and apparently also applies to employees who quit.
You get a discounted lump sum even if not retiring age? It’s the only thing that’s kept me from going elsewhere! Still have 10 years of he-l to put up with if I stay
Take the option. You get paid 3 months to be home instead of at the office and will get a payoff of your outstanding vacation and discounted pension lump sum (if vested).
They’re not going to fire you for taking the PIL.