If vesting is still year away
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What happens with your pension if you AEOI/EOI?
As of Jan 1, 2005 we went from an 80 point to a 90 point system. If you have less than 75 points, anything not vested is forfeit. If you have 75 point, but less than 90 points, you get to keep a prorated amount based on the % vested. If you have 90 points, you get to continue receiving anything that is unvested until the time that everything is exhausted. One exception is if you turn 65 and have a at least 10 years of service (I’m not totally sure about the year of service required) you default to having 90 points in terms of LTIP. Re: stock options, I think you get to keep anything not exercised until such a time that the options or expire or the are exercised. I’m sharing this from memory.
@ag+1jkzykahr Yeah, I believe this applies to those 26 and above, and recently they started offering it to high performers 23 and above. The company grants stocks, which vest three years after allocation.
I am at the bottom of the food chain. What's LTIP? Is it for higher PSGs?
LTIP docs clearly says you have to be on payroll at time of vesting. Else 100% forfeited. So no matter what I guess it will be gone.
What about if you wait and get laid off? Would it automatically mature or still go away?
Goes away.