Thread regarding U.S. Bank layoffs

Pension Cash Balance

Does anyone know if you are entitled to this amount if you are let go in an RIF?

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Post ID: @OP+1uxQ5982

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Yes, you can get the money out or leave it and the account still earns the interest credit each year.

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Post ID: @3vip+1uxQ5982

Most companies will pay out unvested balances at an involuntary separation.

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Post ID: @2ugn+1uxQ5982

The Cash Balance plan vests after 3 years of service.

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Post ID: @1wtz+1uxQ5982

Yes it's fully vested.

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Post ID: @esy+1uxQ5982

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