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When Benefits Bite Back 5/7/11
 
 

by Ellen E. Schultz; Wall Street Journal ~ May 7, 2011

 
The Supreme Court is set to answer a question with huge implications for workers: Are employers' promises of benefits such as pension payments and health-care insurance worth the paper they are written on?

So far, lower courts have answered with a resounding "no"—leaving employees from managers to factory workers at risk of being short-changed when it comes time to tap benefits they have been promised.
 
An Employee Checklist
  • Use the company benefits hotline only as a starting point.
  • Don't believe anything you are told verbally—even if it is straight from an HR administrator's mouth. Be especially skeptical of promises made before a spinoff or merger.
  • The only way to be sure a calculation is accurate is to check it against the formal plan document. [more]
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