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Conference 7.286::digital

Title:The Digital way of working
Moderator:QUARK::LIONELON
Created:Fri Feb 14 1986
Last Modified:Fri Jun 06 1997
Last Successful Update:Fri Jun 06 1997
Number of topics:5321
Total number of notes:139771

2564.0. "Another SERP rumor" by SAHQ::JDUNCAN (Jim Duncan) Wed Jun 30 1993 20:05

    The SERP rumor is back with 45+10 being qualifying age. Release
    slated for Q1. Anyone else hear this?
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2564.1Go fer it16BITS::DELBALSOI (spade) my (dog face)Wed Jun 30 1993 21:043
Hadn't heard it, but that's finally one that "fits", at least.

-Jack
2564.2Palmer's messageDECLNE::TOWLEWed Jun 30 1993 21:314
    I believe the message Palmer gave was there were to be no more
    	early retirement packages offerred.  (but I could be wrong)
    
    	-VT
2564.3I'm finally old enoughUSCTR1::MMCCALLIONThu Jul 01 1993 13:141
    Sign me up. Did you hear if 10yrs is added to the time-in Service?
2564.4MAGEE::GIBSONThu Jul 01 1993 13:307
    re: -.1
    
    Probably, to make it equitable to the plan from last year.
    
    Linda 
    Who_is_old_enough_but_about_five_months_short_in_Service
    
2564.5Rumor too good to be true.USCTR1::MMCCALLIONThu Jul 01 1993 13:387
    Linda,
    
    Tecnically, according to the P&P's when I was hired, I will have worked
    for Digital for 20yrs on the 4th of July.  Sept. 24th is my anniversary
    date... add 10 years to that and retirement looks toooooo good to pass
    up.  I think there are lots of folks in Digital who would fall into the
    45+10 calculations.
2564.6 ...... :-( ......DECLNE::TOWLEThu Jul 01 1993 15:225
    	I turn 45 on Sept. 20, and have 23+ years in Digital, but if this
    	new SERP package comes up as rumorred, I'm sure there will be a
    	stipulation in it that will make me NOT QUALIFIED to accept it!!
    
    	-VT
2564.7RUMORSBALMER::CROSBYThu Jul 01 1993 19:413
    You know what they call rumors?
    
    Premature facts
2564.8not trueICS::DONNELLANThu Jul 01 1993 21:521
    I've checked this one with personnel.  The rumor is not true.
2564.9CSC32::J_OPPELThappiness is a having a bad memoryThu Jul 01 1993 22:353
    	And why would personnel (or any official channel) confirm a
    	rumor -- even if that exact announcement is pending -- until 
    	that event actually got announced?
2564.10TROPPO::QUODLINGThu Jul 01 1993 23:396
    And what makes you think that any part of this corporation, is at all
    aware, of the business decisions, motivations or whatever, of any other
    part...
    
    Q
    
2564.11SERP revisitedICS::DONNELLANFri Jul 02 1993 02:2419
    
    
    
    RE:  LAST TWO.  
    
    Points well taken.  For some reason, I trust this person.  Which is not
    to say that he would acknowledge something he was not supposed to.  
    
    On the other hand, I do know that such actions are non trivial for
    Digital.  The groundwork for a SERP must be laid in advance with the
    relevant federal agencies;  this is not just an internal decision. 
    I've checked this rumor out each time it has come up, so I write from
    the vantage point of someone who would like it to be true.
    
    Unfortunately, it appears that it is not.  Note that even in this
    file there has been no corroborating evidence.  If a rumor is true in
    Digital, my experience is that you hear about it from multiple
    directions.  Are there others who are hearing this rumor?  If anyone
    else is hearing this one, please share it with us.
2564.12Legal question on SERP'sCSC32::K_HYDESay NO to The New World OrderFri Jul 02 1993 15:107
    Isn't there a legal restriction on SERP's to the effect that a
    subsequent SERP with a better benefit package must be offered to 
    those who, in the past, were offered a SERP with a lesser benefit 
    package?
    
                                  
                                      Kurt
2564.13yNETWKS::GASKELLThu Jul 08 1993 18:046
    I guess the content in note 2576 is a clear indication that, if DEC
    offeres another SERP it won't be before 1/1/94.  Then, if you are 
    luck you MIGHT or might not get health coverage.
    
    I give up!
    
2564.14Officially denied?SANFAN::MORRISJAEven nostalgia isn't what it was!Thu Jul 15 1993 19:435
    One thing the military, corporate life in general, and Digital corporate
    life in particular has taught me over the years is that you should
    never believe any rumor until it has been "officially denied".
    
    Jack