We need the State to determine that an employee working in good faith can have a benefit removed because of a company RIF. This seems to go against employment in good faith. At a minimum it seems to be unethical. This needs to go to the courts.
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Where is it stated that you have to give them 2 weeks notice? (Not trying to be a jerk. I just didn't know).
Arizona is a right to work state... Honeywell can let you go without reason at any time. You have to give them 2 weeks notice.
Run away quickly!
You need to do two things: consider this as a lost benefit when comparing HON to other companies and investing your money in other places. 401K is a scam anyways. Money is a tool and life changes too fast to have that tool locked way until you have one foot in the grave.
Other companies do this, so appealing to the AZ AG will not work. Agree with @nzg that it is time to flip and flip.
As soon as I saw Mark James smiling face on that memo, I knew there had to be a catch and the employees were going to be taking it up the rear once again.
-rnm. Read this if you can pull it up. NOT on a work phone or a work computer, it may block it-
https://vpa.honeywell.com/assets/references/401(K)_FAQs_US.pdf
-rnm. It clearly states that you must be employed on dec 15 of the previous year to get the match in January. So if you get riffed anytime prior to dec 15 you will be screwed out of the match
My reading comprehension is quite good, when reading something clearly stated. "A benefit" is not clear as to which benefit.
That is clearly what it says rnm. Do you have reading comprehension problems?
The OPs post is rather unclear. So I'm going to assume that he's referring to the accumulated match for the current year not being paid to someone who is RiFed. But does anyone really know whether that would happen? Has anyone read the actual policy or summary plan description to see what it says?
I rather doubt that the match could legally be withheld from someone who separated involuntarily.
AHahahaha ho ho ho, AZ politicians going against Honeywell Aero? That’s a good one buddy!
Not looking to win or lose...just want the State...not HW lawyers to determine if that part of the policy is legal.
HON will win. Not worth the fight. It's better if we all just raise our middle fingers and leave.