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Pastimes : Let's Talk About Our Feelings!!!
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To: Neocon who wrote (73065)1/26/2000 2:53:00 PM
From: Ish  Read Replies (4) of 108807
 
Wife worked for GTE years ago. They had a program where they gave employees a few shares of stock every year that had to be left in an account for several years before it could be sold. Dividends went to buy more shares. Wife opted not to sell her shares but to leave them in and let them grow. Nest egg thing.

We just got a letter from GTE that they have to shut the program down. The shares are being converted to cash and can be left at no interest or take the money or roll it into a 401 or IRA.

Now the good part, or not so good part. They had to close it because of a new WTO ruling. That's right, it was unfair to workers in other companies in other countries because they weren't getting it. Somehow I get the feeling that the WTO shouldn't be sticking it's nose in GTE pension business. Here comes one world government. I bet Ms. Tudor will have a fit when the WTO makes her give back her stock options.
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