NCR - you hired a guy by the name of Scott Long as a Director of Sourcing. Scott signed a non-compete clause with you and promply left the company within the last few months (when presumably you asked him to work for a living). Somehow Scott was able to get NCR to hire 2 -3 other SunTrust rejects - Mark James & Jason East. When Scott left NCR, he violated his non-compete clause by hiring both Mark and Jason at the Yellow Pages Company (in Decatur). If I were you, I'd go after him for breaking his contract (even though their departure is most definately your gain). Scott has a history of bringing people with him to whichever company is dumb enough to hire him; because he knows that he would be exposed if he had to actually manage people that he didn't know (which is why he brings his "D-team" players / country-bumpkins with him to insulate himself). Long, James, and East are all low level performers with limited intelligence and ethical standards. In fact, my sources at SunTrust indicated that Long was fired for ethical / moral standards. Great hiring job NCR. Are you going to let him get away with breaking his non-compete??
Yep and watch he will get a huge parachute when he leaves . The money will come from the latest pension #$%$. All those who took the lump sum were cheated by about 42% and those who kept the money in the pension plan will find out further on there will not be funds to pay them at what the think the will get. I think ever body who transferred the money to a private 401k will be the best deal. I took mine lump sum and have 60 days to find the best 401k or a ROTH one.
In Ohio, even if NCR disappears, you will still get your pension up to $4600 a month. Ohio has pension insurance. So as long as your pension benefit is less than $4600 a month, you will get it. The only way you lose it is if you and spouse both die. If you took the cash and put it into your own IRA, then your kids or your estate would get that cash. But your pension will be there in Ohio. So other than dying, you will get that pension.