Recently, Public Employee Pensions have been the source of a growing controversy. Often, in the fight over pension reform, politicians, the public and the media lump all public employee benefits together and compare those to private sector workers who generally get less generous retirement payouts. But that hides tremendous disparities between public employee group’s pensions. Teachers, for example, contribute more of their salaries to retirement and collect less in benefits than public employees. Can the debate on pension reform move from one of polarizing rhetoric to one of mutual compromise that will stabilize budgets and make pensions fair for everyone? We’ll get the views of the key players and experts in the debate: LAO State Finance Director Jason Sisney, Marcia Fritz, President of the California Foundation for Fiscal Responsibility, Allan Clark, President of the California School Employees Association and Jon Ortiz who writes the Sacramento Bee’s State Worker blog. In Part 1 of our report on Public Employee Pensions, Jason Sisney of the LAO discusses the rising costs of pensions.

Question by sehrgut42: What happens to employee benefits when a firm changes ownership?
What recourse do I have in the following situation:

I am employed by a small medical device office that has recently been purchased by a slightly larger firm in the same line of work. Employees were notified that all accrued vacation and sick leave days had been cancelled, and that they had to wait ninety days to use any benefits — just like new hires. Is this legal? If not, what can I cite in talking to the new owner. I believe that if he is presented with sufficient evidence, he will back down on the policy.

Best answer:

Answer by David W
Employers do not have to offer vacation or sick days. It is a benefit and not a legal right. Unless you have it on a contract there is nothing you can do about it. Be glad you still have a job. Most takeovers involve lay-offs.

What do you think? Answer below!

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