Decker Posted February 12, 2013 Share Posted February 12, 2013 I really think littlecountry is correct, either or, or both state and federal reg`s makes a participant, a benefactor of a retirement fund after 5 years. To receive an "early retirement" benefit the age plus years come into play, points (age plus years of service) to qualify in the past for an early retirement was 65 points....I think. Decker 1 of the 1788 1 Quote Link to comment Share on other sites More sharing options...
Rob Stephenson Posted April 17, 2014 Share Posted April 17, 2014 there seems to be a miscommunication regarding the rehire rights of those that took the buyout...some are saying they remember being told eligible after 2 yrs. leadership has told me that was only for EDOPP but i took the STEP and other people i know that took the STEP say the same thing..... after 2 yrs they can go back... it doesnt make sense why they would rather hire inexperienced people off the street than bring back old workers for less money than they made before. but anyway...does anyone have the documentation with "FINE PRINT" i cannot find mine i dont remember getting a copy of what i signed... but i want to see where it mentions the 2 year thing. if anyone replies to this please email me rts_computers@charter.net screenshots would be appreciated. i noticed WILDOSVT had a 7 page document but only posted the cover of it. Quote Link to comment Share on other sites More sharing options...
Rob Stephenson Posted April 17, 2014 Share Posted April 17, 2014 Hmm, it was my understanding that I was just relinquishing all of my seniority and that the legalese basically said that if I ever did re-hire, I would be starting from square one. My package did say specifically that I am eligable to re-hire after two years. I guess it was foolish of me to believe that people with my seniority date would have been separated from the company regardless, as I was told. I guess its off to the local to see whats going on. I was also told that education buyouts would be considered before all others if they received an education in any type of discipline that Ford was looking for. found this on another forum posted by TEXASBOUND Who are you quoting? Because your info is dead wrong. based on the buyout papers I signed it's stated that you can get hired back into Ford. But for 5 years you cannot take another buyout. What are the odds of another one coming? Here's what it says under the step program. "If an eligible employee has recieved a STEP payment and is subsequently rehired by the Company, the employee will not be eligible for any future STEP payments until the employee has 5 or more years of seniority following such rehire. No seniority used to determine the amount of a previous STEP payment shall be used in determining a subsequent STEP payment." There it is in black and white from Ford Motor. So I think you should stop listening to bob at the vending machine and research a little before spewing out fake quotes. Quote Link to comment Share on other sites More sharing options...
littlecountry Posted April 17, 2014 Share Posted April 17, 2014 You can only have re hire rights if you took education buyout! Quote Link to comment Share on other sites More sharing options...
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