Usually the employees get mailings to their homes in September regarding when the sign up for heath benefits will begin, usually two or three during that month. It's now Oct 3 and no information at all. I wonder if this means they are no longer going to offer health benefits since having to pay the ACA penalty would be moot since they plan to shut down the company in January anyway, if not sooner.
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@JG17Oay-jfb That is some very good advice. It was the same advice I posted in a comment a few weeks ago!
If you hold shares, you should sell them now while you can. One BK happens they will be worthless.
The open enrollment is Oct 26-Nov 9 this year...I called to check on it.
@ema, does that mean that they are canceling all of the SHLD stock in January 2017? I still hold like $5 or $6 worth of shares in SHC. I could care less if the stock is canceled I can stand to loose $6.
They are probably canceling all stock before bankruptcy, so the stock does not go into the toilet and trade for pennies per share. During bankruptcy.
I haven't received anything regarding open enrollment.
Just about the stock thing.
Well we already got letters saying they were gonna cancel the stock as of Jan 2017.... one has to ask themselves how valuable is it to put money into a life insurance plan or long term disability plan with a company that is sinking faster than the titanic.....
Ask your manager or regional HR. I received mine and then threw it in the garbage. I don't get anything from Sears except minimum wage and a good screw job.