Legal Question in Business Law in Indiana
I was with a company A for 7 years and the company was sold to company B. Company B honored all seniority and pay from company A. I have been with company B for 10 years now 7 of which was with company A. Company A says I am not eligible for my pension because I was laid off for a short time and later rehired with full benefits and pay. I was just short of being fully vested in the program but when I was brought back I had everything given back to me like I had never been gone. It appears I was let go and then brought back just to stop my pension. If I had 7 years with company A then how am I not fully vested in the pension?
1 Answer from Attorneys
You may be vested for your 7 years with company A but you may not be vested for the other three years with company B if you were laid off from company B. Pension vesting is governed by Federal law.
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