I’ve heard different rumors, but can they actually take your pension(cash balance) away from you if you’re let go because they deem you did not go to the office? I know they can’t touch your 401K.
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If you are vested you own it. If you not vested you wont get it.
They can use their dirty tricks and cook the books on your pension and 401k.
Put it all on red.
They’ll give it to Camel a.
“ If you are fired for cause they can take your pension and their contribution to your 401k. If they choose to“
Incorrect. Please stop spouting misinformation.
Once you are vested the company can’t take any of that money in the 401k, for any reason.
They won't be able to touch it if it is in bitcoins.
Your 401k isn’t your pension. If you are fired for cause they can take your pension and their contribution to your 401k. If they choose to. They can’t take your contributions to your 401k
If you're vested, no.
If you're not vested, yes.
But, since there's no longer a cash pension for new hires and hasn'tbeen for many years, I'm assuming you're probably vested by now.
That's your cash.
They can fire you... But can't take that pension.
No they absolutely cannot, under any circumstances, for any pension plan. That’s your money.
Stop listening to rumors.
There are probably some pension documents that would tell you this better than an anonymous forum largely populated by trolls and a business insider blogger looking for stories.
But I can see why you wouldn’t want to ask hr this.
better safe than sorry. RTO or FAFO.
If you are fully vested in your pension, your employer cannot take it away simply because you are fired. Federal law, under the Employee Retirement Income Security Act (ERISA), treats vested benefits as your property, and you keep them whether you quit, are laid off, or are fired for any reason.