Anonymous
Guest
Anonymous
Guest
If you are fired they cannot take away your pension. I believe you are vested in a J&J pension after 5 years of service, at least that is what it use to be. A J&J pension is like Social Security, you can elect to begin to receive it at 55, or wait until later, such as 62 or 65. Obviously, the earlier you take your pension, the less you receive in your monthly payout. Most of this information can be found on the company benefits website--you can even project your J&J pension payment beginning at age 55.
You will lose your ability to receive J&J Health insurance during retirement if you are terminated before age 55, however you will be able to carry this over via COBRA, for a certain amount of time--I believe 18 months, but this may have changed under the current economic challenges and new regulations introduced by the Obama administration.
One last point, HR is not your friend, they support management under the majority of situations, unless the actions are particularly egregious and way outside the bounds of decency, and are always looking to limit the companies potential liability,
regardless of the situation.
You will lose your ability to receive J&J Health insurance during retirement if you are terminated before age 55, however you will be able to carry this over via COBRA, for a certain amount of time--I believe 18 months, but this may have changed under the current economic challenges and new regulations introduced by the Obama administration.
One last point, HR is not your friend, they support management under the majority of situations, unless the actions are particularly egregious and way outside the bounds of decency, and are always looking to limit the companies potential liability,
regardless of the situation.