View Single Post
Old 11-09-2012, 11:18   #65
Senior Member
devildog2067's Avatar
Join Date: Apr 2005
Location: Near Chicago, IL
Posts: 15,761
Originally Posted by arclight610 View Post
Couldn't at-will employers can someone right before retirement to save money?
That's why all retirements should switch to defined-contribution. No vesting, no time-in-service requirements. Would prevent this kind of problem.

But to answer the question you asked, yes, of course employers could do that. But if they did, then the retirement benefit they offer wouldn't be worth much, would it? Word would get out. People would know.
devildog2067 is online now   Reply With Quote