My jurisdiction is: Kentucky/U.S.A.
My jurisdiction is: Kentucky
My previous employer offered, in writing, in the employee manual, an "SEP" as a benefit of the company, once an employee had worked there for three years. The amount was based on the employee's compensation, up to 25% of the annual salary. The employer is stating, since they ran at a loss, they do not have to pay this pension option. I was never advised of this change and was due to receive this benefit this year. Can they just change their mind like that?
My jurisdiction is: Kentucky
My previous employer offered, in writing, in the employee manual, an "SEP" as a benefit of the company, once an employee had worked there for three years. The amount was based on the employee's compensation, up to 25% of the annual salary. The employer is stating, since they ran at a loss, they do not have to pay this pension option. I was never advised of this change and was due to receive this benefit this year. Can they just change their mind like that?
