Conference 7.286::digital

    well, somebody had to ask.  ;)

    Honestly, I didn't give it a thought.
    It still, however, remains off my list of concerns regarding TFSO.
    

RE:                   <<< Note 2233.0 by USCTR1::TSONG >>>
       
>    But.... Don't we also accumulate vacation time while we are on
>    vacation?  So.... Do I get additional 13.8 hrs of pay?
 
     My cut at it is this: NO, you would not get an additional 13.8 hours
of pay because you cash-out at the end of your employment, and non-employees
do not tend to accumulate vacation time from this corporation.

                                      Greg

    ...but technically, you're still employees for 9 more weeks...
    
    B

    .-1

    B, i dont think one is employee during the 9 weeks grace period,
    because for example one cant take a course during this period but
    an employee of course can, so this means that one is not an employee
    during this 9-weeks time.
    
    /nasser

RE:               <<< Note 2233.4 by NAPIER::WONG "The wong one" >>>

>    ...but technically, you're still employees for 9 more weeks...
 
     Nope.  The cash-out is at the end of the nine weeks...or so I've been 
told.

                                      Greg

    You are still considered an employee for the entire 9 week
    period.
    

    
    I guess the answer is that you do accumulate vacation hours for the 9
    weeks but not for the vacation hours as you 'choose' to take the lum
    sum including cash-value of your vacation time.
    
    True?
    

>                      <<< Note 2233.0 by USCTR1::TSONG >>>
>                        -< vacation time when TSFOed? >-
>
>    I would have 208.79 + 2.3*4 = 217.99 hrs.  After 9 weeks, I get
>    additional 20.8 hrs, which brings the total to 238.69.  Quite close to
>    the maximum 240 hrs.

My guess is that you would be over the "top" of your vacation by about 1
hour since your paystub reflects your status for last week, not the current
one.  In your case, you have 2.31 hours of vacation owed than is reflected
because that's the vacation you get for *this* week.

My advice would be to take about 4 hours off someplace in the next two
weeks.

BobW 

    <the cash-out is at the end of the nine weeks>

    Does anybody know whether -if one is laid off in December- the
    severance pay is 1992 income or 1993 income? 
    If the cash-out is _really_ at the end of the nine weeks then it is
    1993 income, but not sure about that.
    
    
    			herb
    p.s. 
    As somebody who will be applying for financial assistance for kid
    in college it matters greatly whether I would be shown with almost 2
    years income in 1992 or one in 1992 and another 9 mos or so in 1993.

    Friday, 11/20/92, our HR rep definitely stated that you DO accrue
    vacation during the initial 9 week period because "technically" you
    are still an employee.  Payment for that accrued vacation time is
    part of the lump sum payout.....so if you can determine that you
    would go "over the top" during the 9 week period, I second the
    suggestion that you take some vacation time now.
    
    K
    

    re: .12
    That's not the question in .0 though.  The question is, since you
    (normally) accumulate vaction time *while you are taking vaction*,
    do you get credited for the vacation time you would have accrued
    if you had taken your vacation at a "normal" time?  (And then do
    you get credited for the vacation time you would have accrued during
    *that* additional vacation time, and so on, and so on, and so on....)
    
    My guess is no because at the end of the 9 weeks you are no longer 
    employed and therefore are no longer eligible to receive benefits, 
    accrual of vacation time being one of them.  You aren't "taking a
    vacation," so you can't accrue any more vacation time; you no longer 
    have a job to take a vacation from.  

RE:       <<< Note 2233.13 by VERGA::WELLCOME "Steve Wellcome PKO3-1/D30" >>>
   
>    My guess is no because at the end of the 9 weeks you are no longer 
>    employed and therefore are no longer eligible to receive benefits, 
>    accrual of vacation time being one of them.  You aren't "taking a
>    vacation," so you can't accrue any more vacation time; you no longer 
>    have a job to take a vacation from.  

     ...which is precisely what I have been attempting to say.  I must have
lapsed into Swahili again.

                                      Greg

    
    
    	What if you are due to be vested in that 9-week period?  Since
    you're still technically an employee, would you be vested?
    
    	

re:           <<< Note 2233.15 by SOFBAS::SNOW "Justine McEvoy Snow" >>>
                          -< Another 9-week question >-

    
    
>    	What if you are due to be vested in that 9-week period?  Since
>    you're still technically an employee, would you be vested?

Yes, if you would become vested during the 9-week period, then you will be
given the option of taking a lump sum payment from DEC now, or waiting until 
you retire to get the money as pension.  One of the people I know who was 
TFSO'd was going to be 9 days short of being vested after the 9 weeks was up, 
so she was not vested, but if your 5 year anniversary falls during the 9 weeks, 
then you become fully vested.  

In case someone wasnts to ask, accrued vacation time cannot be added to the 
end of the 9 weeks to get you to the 5 year mark, this has already been tried.


    
    	

    Retirement funds are automatically withdrawn if the sum is less than
    $3500.  If more than that amount has accrued, the individual must wait
    until retirement to withdraw the amount.
    

	Re previous

>    	What if you are due to be vested in that 9-week period?  Since
>    	you're still technically an employee, would you be vested?

		What, precisely, does "vested" mean 
		in this context?

		Jim

>		What, precisely, does "vested" mean 
>		in this context?

	It refers to pensions. In the US Digital employees have to work for
	the company for 5 years to get pension benifits. I believe that if
	you work for the company for less than that you get some pension money
	as a lump sum when you leave but you'd not get anything when you retire.
	After 5 years one is vested at which point they will get a pension from
	Digital when they retire (normally at age 65 but can be as early as 55).

			Alfred

	It used to take 10 years to become fully vested but you were 50% vested
	after 5, 60% after 6 etc.

    Re: .11
    
    It will be 1993 income, since it will be paid in the 9th week. If the
    nine weeks starts Dec 14 (the Monday after the 7th), then Digital would
    pay out the lump sum in February.
    
    ... tough break for anyone TFSO'd in September/October - 1992 will have
    the double hit, almost a full years income, plus a lump sum.
    
    

    
    
    One more correction...  Vacation is not paid in the lump sum,
    it is received in your 9th weekly paycheck.
    
    I know because a friend of mine was TFSO'd and received her
    9th week pay check, last week.
    
    

    Another interesting vacation issue.  I was told by personnel that if
    you are TFSO'd in December and are still considered an employee for
    nine weeks you are not entitled to new choice and personal vacation
    days in Jan 93.
    
    Has anyone heard contrary information?
    
    Angie

.18>		What, precisely, does "vested" mean 
.18>		in this context?

.19>	It refers to pensions. In the US Digital employees have to work for
.19>	the company for 5 years to get pension benifits. I believe that if
.19>	you work for the company for less than that you get some pension money
.19>	as a lump sum when you leave but you'd not get anything when you retire.
.19>	After 5 years one is vested at which point they will get a pension from
.19>	Digital when they retire (normally at age 65 but can be as early as 55).

I believe that this is not correct, and that "vested" simply means that you are
entitled to get something, at some point.  "Not vested" means that you get
nothing, ever.

For example, I worked for Digital in the US for just over 5 years, so I was 50%
vested.  When I left, Digital had the choice of starting my pension when I hit
65 or giving me a lump-sum payment.  Since the amount involved was rather
small, corporate policy dictated the latter.

	RE: .23 I think I'm right. The first time I worked for DEC I left
	after just under 2 years. I got a check that I believed at the time
	was for what DEC had put into the pension plan for me.

		Alfred

    Is there a way to figure out how much has been accrued for retirement?
    Just wondering if we could calculate it or if personnel would tell us!
               Ed

    re: .25
    There is a way to calculate it, but the formula needs a lot of 
    numbers (like your yearly pay for every year you've worked) and
    back a few years ago they changed the formula so if the old
    formula would give you more retirement for the years prior to the
    change in the formula, you use the old formula for those years
    and the new formula for the years since then, but if the new
    formula gives you more retirement for the years prior to the
    change in the formula you can use the new formula for all the years.
    Or something like that. I think it's explained (more or less) in
    the last big "Benefits Book" we got a couple of years ago.
    I assume somebody, somewhere, could tell you exactly what the
    formula is and all the IF-THEN-ELSE conditions that apply so
    you could figure it out on your own if you've a mind to.

    re. 25 & 26
    
    Check with your local human resources people.  From them you will be
    able to get the name & number of the plan administrator.  She can then
    give you your exact amount to the day.
    
    Mike S.
    
    

    Thanks very much. I'll try to find that in the benefits book if I can
    find it otherwise I'll check with personel.
                                      Ed