Conference 7.286::digital

    
    No rumors.  No early retirement.  Just pink slips.

    
    Come On Now!  - STOP THE RUMORS and lets GET BACK TOO WORK!
    
    
    
    
    
    
    
    djm
    

    detail about a proposed new ER would be helpful. As for .2, not a bad
    idea. How original!

    I don't think there will be another Early Retirement Package offered.
    I know that there were rumors of it earlier but that was before they
    started with all the layoffs.
    
    Sorry Robert, but you aren't going anywhere.
    

    
    
    on 2nd thought, maybe you are going somewhere, robert!
    
    	:-)

    I know someone clarified some info in here when the "other" early
    retirement stuff first went around.  I think the crux of it is, DEC
    really couldn't legally tweak a lot of areas that would be necessary
    to make folks "appear" to be eligible.
    
    Going back to my days with Ma Bell, the Telco had a plan that would
    allow for early retirement as soon as anyone hit age 50.....but even
    for the Telco's plan to be viable you had to had LOTS of years with
    the company, there were no cash incentives or whatever.  The few 
    people I knew who opted for early retirement had sizeable nesteggs
    put aside and lots of AT & T stock :-)
    
    Karen
    

    I wonder how many folks who initially rejected SERP would now take
    it given the chance? In view of the continued reduction in force
    why not make the offer available again? Asking.

    I know quite a few who would.  The time period was just so short
    some of us did not have time to plan due to person things going
    on in our lives.  BUT,....it probably won't make a difference -
    we probably just lost the chance.

    Nothing from Digital yet.
    
           <<< NOTED::DISK$NOTES1:[NOTES$LIBRARY_1OF5]SERP.NOTE;1 >>>
                     -< Special Early Retirement Program >-
================================================================================
Note 233.0                      One more SERPee?                       4 replies
SSDEVO::EGGERS "Anybody can fly with an engine."     23 lines  31-JUL-1992 23:05
--------------------------------------------------------------------------------
    I turned down the SERP package at the last minute when I was offered a
    job (still inside Digital, obviously) that I wanted.  The job required
    vp approval, since the position was being vacated by a SERPee, and the
    rules required those positions *not* be filled until sometime after
    June 1.
    
    Then, 12 working hours later, the funding for the new job (or rather
    the project of which the new job was a part) disappeared.  I was
    !@#$%^&*()!  I had been told the funding was in place for the 12-18
    months for the project to produce its product.
    
    I documented the promise and the situation, got it notarized, and
    submitted it to the US Employee Counsel, a DEC lawyer in Colorado
    Springs, and got a receipt from him.  That was at the beginning of June.
    Since then, company chaos and politics have made the situation worse,
    and the project still isn't funded, so
    
    This last week, I formally asked Digital to let me retire under SERP
    since Digital hadn't fulfilled the contract terms under which I had
    accepted the job offer and rejected SERP.  An outside employment lawyer
    confirmed I have a strong legal claim.
    
    I haven't heard from DEC yet, but expect to next week.

    Good luck Tom.
    
    Dave Robert from Marlboro, Mass.
    

    Yup, best of luck, Tom.
    
    This situation sucks, big-time, for many, many people.
    
    I'll be looking you up in the phone book when I pass by the Springs...
    
    /a