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I am really confused. I have been with the same employer since 1996. In 2008 or 2009 they decided to change the reitrement plan to a defined benefit plan due to changes in law, they said. They defined the group that would continue to receive benefit with criteria (had 15 years of service and retire before 2023). At that time, I have 12-13 years of service. Therefore, i was not “eligible”. They started putting $1,000 per year into a 401(k) at that time. Now, I am realizing that I did not get any benefit for 13 years due to this change. Is this legal for them to do that? I have received the defined benefit since the change but they say they are not required to provide anything for the first 13 years even though some of my co-workers that were “eligible” for the old plan recieve monthly benefits. Can this be legal?
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