tjose63
Jun 28, 2013, 09:37 AM
I worked for a company for eight years. I lost my job in the 8th year. Do I receive any sort of pension?
JudyKayTee
Jun 28, 2013, 09:47 AM
No one here can guess and come up with a 100% correct answer. What do the pension papers say? What does your former employer say?
ScottGem
Jun 28, 2013, 12:57 PM
There are several types of vesting. Some companies have graduated vesting where you vest a percentage each year. Some plans have cliff vesting where you become 100% after x years.
ERISA requires that you be 100% after 10 years, but you could be 0% until then.
Also, how you lost your job could matter.
But we can't tell you, it depends on rules specific to your company or employment contract.