why have we not received information about our pensions it's been 5 weeks now
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Each pension option is in your online benefit info. Run the scenario for when you want to leave and choose your option.
22 years? So your pension did get scooped...
Is it so late that you could collectively threaten legal action? I have zero pension. Just got my IRIF papers and 3 months salary after 22 years. Xerox is a he-l hole.
What? They scooped our pension fund? What the He-l
es see oh oh peed it. SCOOPED IT 🤑
Pension? No we said Tension !!
Get it right people.
There is plenty of tension at the burned out shell that used to be Xerox.
Pension? What is this? …
the 1950’s?
Next you will want a gold watch.
scooped
Attention geniuses. It cannot be scooped. The funds are not at XRX. Does anyone here actually read or is "I heard" your primary source?
scooped it
"The company has clearly learned its lesson and is slow-rolling it as much as possible to preserve cash. When the first large layoff happened during the Icahn era in 2018, there was a huge, unexpected (to leadership at least) run on the pension plan right after that layoff was announced that took away a lot of cash from the plan and Xerox. They have been working to lessen such an impact with layoffs ever since."
This makes absolutely no sense. You have no idea how pension funding/distribution works. Please don't post anymore.
The company has clearly learned its lesson and is slow-rolling it as much as possible to preserve cash. When the first large layoff happened during the Icahn era in 2018, there was a huge, unexpected (to leadership at least) run on the pension plan right after that layoff was announced that took away a lot of cash from the plan and Xerox. They have been working to lessen such an impact with layoffs ever since.
I already told you they scooped it. They are dragging their feet to find those last legal loopholes to jump through.
No urgency on their part. I was told 20 working days from separation date. Need actuarial review (to make the lump lower...). I reminded them that many in this world live paycheck to paycheck so move your butt!
it's morally wrong what's happening to individuals no longer with the company!
What’s the rush.. you know you are getting sc--wed..
Because you work(ed) for xerox?
We being F##% by the company!!! How low will this company go!