dojN000564.xml

dojN000564.xml

born-digital

email

yes

no

2001-12-21

Friday, December 21, 2001 3:36 PM


studied compensation statements,tables and comments as pertaining to high
income earners and believe you have opened a can of worms--look at it from my
daughter's viewpoint. Her husband , 32 years old, high income earner, 9
years with the company, rising very fast with a 15 month old son and a good
insurance policy. According to your formula, she will get less than one-half
of 1 years compensation. Our family was thinking and discussing at length
that if she can't get 2-3 years of his latest remuneration(ex-options), the
whole fund is senseless. The changes, mental and physical to her and our
extensive family, the extreme emotion (psychologists, group therapy sessions,
disruptions to the extened family) is such that you are throwing us into the
clutches of attorneys, who up until this time we have not consulted.
Forgetting the life insurance, if the money you provide her with can't give
her a relatively adequate reasonable stream of income (albeit at a reduced
level from her former circumstances) then you are kidding yourselves and
inviting ridicule and abuse from families who have already had their share of
abuse. Getting away from the initial grief, we are all seeing things a
little clearer and realizing how culpable, lax and inadequate was the
protection afforded our son in law by our government. If his suffering, my
daughter's suffering and loss of companionship and lifestyle is not worth at
least 2 years of his net salary (after life insurance for which he is being
penalized for taking out) to her and her child, I then think you are making a
big mistake.
respectfully, an angry father
Individual Comment

2001-12-21