T.R | Title | User | Personal Name | Date | Lines |
---|
1634.1 | Check your data first ! | BEAGLE::BREICHNER | | Tue Oct 15 1991 10:01 | 37 |
| Ruth,
I am afraid that NOTES won't fix your problem, HRO (or "Personnel")
could, but there aren't many who "note"..
You'll have to start by analyzing your situation:
1- How did you get to Switzerland "upon Personnel's recommendation"
as Intl relocatee ?
In this case, you can get only "fired" back home.
2- On your own ?
(Did you resign in the US and became a new hire in Switzerland ?)
You should know such "trivial" info, if not, start checking
your personnel file for dates (e.g DEC hire date)
In case that you are a DEC hire (starting 18 months ago in
Switzerland) all SWISS laws will apply to your case.
Depending also if you are contractor, permananent employee, etc.)
In any case, before doing anything else, I'd start with my HRO
rep to sort this out. However be prepared with more pertinent
info than is contained in your base-note.
If this doesn't help, you may also use Open Door Policy to get
to the next level (Geneva ?) of management or HRO.
Many Euro countries have "personnel delegates" or whatever they
are called which as elected representatives of personnel
visavis management might be able to help as well.
There must be lot's of things you could still do before
going to a lawyer, (in my humble opinion).
/fred
|
1634.2 | Time for a creative solution... | BULEAN::ROBERTS | Ken Roberts | Tue Oct 15 1991 10:46 | 52 |
| The circumstances of your previous relocation have an effect upon
what happens to you. If you relocated to Switzerland on a so-called
Temporary International Assignment, then Digital is committed to
bringing you "home" (which in this case would be the US) even
if you are terminated (and there is precedent for this). Depending
upon the countries involved, there would most likely be some sort
of provision for retirement benefits as well, but this information
would have been included in your relocation contract.
From your note, it sounds as if you went to Switzerland as a
"local hire", in which case you paid your own relocation costs
and your benefits are no greater or less than your present colleagues.
Also Digital has no special obligations to you (other than national
labor laws) once you are terminated.
If pension is really a primary concern, then it is time to make
the decision as to which system you really want to belong; since
the US and Switzerland are not part of the EEC, one cannot simul-
taneously accrue retirement benefits in both systems. (This hopefully
would have been one of the factors in your decision to move to
Switzerland.) It is more likely that your career and income are
the primary concerns and pension is secondary, but in either country
the high tech job market is *tough* right now.
Not knowing the circumstances of your family life or other commitments,
it is difficult to give advice, but for a moment I'll put myself
in your situation and ask myself the question "What would I do?"
The answer would be to find a way to survive the difficult times
and stay with Digital somewhere. Since you have been with Digital
for over 10 years, you must have plenty of contacts. You also have
three monthes to look around so make good use of that time.
Relocation contracts are VERY difficult to find in Digital these
days (particularly international relocation), so contact managers
in Switzerland and the US who appreciate the quality of your work
and let them know that, if the job requires, you would be willing
to relocate yourself at your own expense. (This assumes that you
still have a valid green card for work in the US.)
In summary, don't let yourself get closed out of an opportunity to
continue your Digital career because a potential manager gets scared
off by the cost of relocation. Let them know up front that, if need
be, you will relocate yourself; if you have chosen to do it before,
then there is reason to believe that you will consider this to be
a viable option. This is expensive advice, but given the uncertainty
of the current high tech job market, one could consider the costs
an investment in one's career.
Best of luck!
- ken
P.S. Now for some money saving advice: stay away from lawyers.
|
1634.3 | Try another US company or contact the embassy | GRANPA::TTAYLOR | fortress around my heart | Tue Oct 15 1991 11:10 | 10 |
| Why don't you cntact the embassy wherever you are? The US hires a lot
of citizens abroad for embassy jobs, also if there is a military base
nearby, that might be an option.
Good luck. By the way, Data General has many offices in Switzerland.
I know because I worked over there before. Unless they have downsized
significantly, there are offices in Lausanne, Zurich and Bern. Those
are the places I worked ...
Tammi
|
1634.4 | Thanks for now! | FLYWAY::ZAHNDR | | Tue Oct 15 1991 11:33 | 6 |
| Thank you all for the advise. I will do some more research. When I came
here in April 1990, I was told by Personnel USA, that the pension funds
would be transferred, so that DEC Swiss would not have to buy me into a
Swiss pension fund. I have double citizenship. I know that I do want to
stay away from lawyers. Until later -
Ruth
|
1634.5 | | TOMK::KRUPINSKI | Repeal the 16th Amendment! | Tue Oct 15 1991 13:08 | 11 |
| Most US pension plans have a concept called "vesting" which means
that after a certain period of service, you are considered "vested".
This means that even if you leave the company, when you retire,
you still receive benefits based on the time you were employed.
You might want to check on your "vesting". As of a couple years
ago, DEC pensions were vested after 5 years of service, which to me
says that you are vested and cannot lose the 9 years you spent
in the US. I'd check into that aspect.
Tom_K
|
1634.6 | | COOKIE::LENNARD | Rush Limbaugh, I Luv Ya Guy | Tue Oct 15 1991 14:26 | 11 |
| re -1 ...... I was going to say that also. You HAVE NOT lost your
U.S. pension entitlements. You are 100% vested, and when you are
55 (or later) you may begin drawing a pension based on your years
of service (9) and average salary at that time. It won't be much,
but you definitely haven't lost it.
It sounds to me like you took a chance and went to work directly for
the Swiss subsidiary. You took a chance and lost. So try France,
Germany, and others. Good Luck!!
|
1634.7 | | LEVERS::PANDYA | | Wed Oct 16 1991 14:09 | 21 |
|
Ruth,
The policy on vesting for pension used to be 10 yrs of service.
However, not long ago (probably a year or so ago) DEC changed this
policy to 5 yrs of service. You need to find out when this policy
change went into effect. If it did after you left (depending on whether
you were "transferred" or "laid-off") you may be affected by that
timing and policy change. If the policy changed before you left US,
you are 100% vested and can receive pension upon retirement. However,
if you are now no longer (are are no longer going to be) with DEC,
you should receive a lumpsum pension proceed to be rolled-over into
an IRA or used for personal needs (you may be taxed in that case).
I suggest you talk this over thoroughly with personnel and your
tax adviser.
You may be OK (hope!) and there may not be a reason to panic!
Good Luck...let us know what you find out.
-Atul
|
1634.8 | 10 yrs = 9 1/2 yrs. ?? | SOLVIT::DESMARAIS | | Thu Oct 17 1991 09:10 | 4 |
| I left a previous employer with over 9 1/2 years and it was right
after retirement reforms in the US. At that time if you talked
to the right people you would find out that 9 years plus 1000 hours
would qualify for 10 years of service.. I would check into it..
|
1634.9 | All is not lost.... | COOKIE::LENNARD | Rush Limbaugh, I Luv Ya Guy | Thu Oct 17 1991 13:59 | 2 |
| ...but even under the old rules, 9 years of service would entitle
her to 90% of whatever pension she is/was entitled to.
|
1634.10 | 55 or 65 | ELMAGO::JPALLONE | | Thu Oct 17 1991 18:19 | 8 |
| I think the way early retirement works is, if you go at 55 years
of age, you get 40% of what your retirement would be if you were
65, for example, if your retirement benefit was $1000.00 at age
65, then you would get $400.00 a month at 55, it grows 6% a year
till 65, so if you wait till 60, you'd get 70%, or 700.00 a mo.
I'm elgible to another retirement(EG&G) and I certainly plan on
taking it at 55, I feel the money I make in the 10 years will be
more than if I wait and draw 100% at 65.
|
1634.11 | | COOKIE::LENNARD | Rush Limbaugh, I Luv Ya Guy | Thu Oct 17 1991 19:26 | 7 |
| ...well, almost. You get 50% at 55. The problem is that if you
continue to work until 65, you have ten more years of service
and hopefully some periodic raises.
The 50% thing only works if you were to leave the company at say
50, therefore accruing no more service time or salary, and then
apply at age 55.
|
1634.12 | Confusion over benefits | SAHQ::HUNTER | | Fri Oct 18 1991 17:39 | 2 |
| I am glad the company spends so much time and money preparing our
"benefits book". Obviously we don't read them or they are useless....
|
1634.13 | PLEASE KEEP US IN THE LOOP | HSOMAI::BUSTAMANTE | | Thu Oct 31 1991 19:10 | 4 |
| Ruth:
What was the outcome, we'd like to know. Also we would like to know how
you transferred to DEC Switzerland.
|