Termination of Employment
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- Date Submitted: 03/24/2011 05:51 PM
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UNIVERSITY OF CALOOCAN CITY
COLLEGE OF BUSINESS AND ACCOUNTANCY
CAMARIN CAMPUS
CASE STUDY
“TERMINATION OF EMPLOYMENT”
Submitted By:
Charilou M. Oliver
BSBA-HRDM 4D
CASE SYNOPSIS
Mrs. Ashley Villahermosa started working for CLN Company on December 15, 1988 as a ticket seller assigned at Fly Me to the Moon, Recreation Area. Later on, she was promoted as cashier and then as clerk typist.
On April 1, 1990, CLN Company instituted an Employees Non-Contributory Retirement Plan which provides that any participant with twenty (20) years of service, regardless of age, may be retired at his option or at the option of the company.
On January 1, 2011, CLN Company amended the retirement plan in compliance with Republic Act (R.A.) No. 7641. Under the revised retirement plan, CLN Company reserved the option to retire employees who were qualified to retire under the program.
Sometime in December 2010, CLN Company implemented a company-wide early retirement program for its 41 employees, including Mrs. Villahermosa, who, at that time, was 50 years old, with 25 years of continuous service to the company. She was offered an early retirement package amounting to P171, 982.90, but she rejected the same because she was so sure that she didn’t sign such agreement.
CLN Company exercised its option under the retirement plan, and decided to retire Villahermosa effective at the end of business hours on February 15, 2011. A check of even date in the amount of P100, 811.70, representing her retirement benefits under the regular retirement package, was issued to her.
CLN Company nonetheless pursued its decision and Villahermosa was no longer given any work assignment after February 15, 2011.
I. TIME CONTEXT
The said problem was noted on December 01, 2010.
II. VIEWPOINT
I will be the company’s consultant hired to recommend the most possible solution as menioned in this case.
III. STATEMENT OF THE PROBLEM
Can a company retire employees below legal age...
COLLEGE OF BUSINESS AND ACCOUNTANCY
CAMARIN CAMPUS
CASE STUDY
“TERMINATION OF EMPLOYMENT”
Submitted By:
Charilou M. Oliver
BSBA-HRDM 4D
CASE SYNOPSIS
Mrs. Ashley Villahermosa started working for CLN Company on December 15, 1988 as a ticket seller assigned at Fly Me to the Moon, Recreation Area. Later on, she was promoted as cashier and then as clerk typist.
On April 1, 1990, CLN Company instituted an Employees Non-Contributory Retirement Plan which provides that any participant with twenty (20) years of service, regardless of age, may be retired at his option or at the option of the company.
On January 1, 2011, CLN Company amended the retirement plan in compliance with Republic Act (R.A.) No. 7641. Under the revised retirement plan, CLN Company reserved the option to retire employees who were qualified to retire under the program.
Sometime in December 2010, CLN Company implemented a company-wide early retirement program for its 41 employees, including Mrs. Villahermosa, who, at that time, was 50 years old, with 25 years of continuous service to the company. She was offered an early retirement package amounting to P171, 982.90, but she rejected the same because she was so sure that she didn’t sign such agreement.
CLN Company exercised its option under the retirement plan, and decided to retire Villahermosa effective at the end of business hours on February 15, 2011. A check of even date in the amount of P100, 811.70, representing her retirement benefits under the regular retirement package, was issued to her.
CLN Company nonetheless pursued its decision and Villahermosa was no longer given any work assignment after February 15, 2011.
I. TIME CONTEXT
The said problem was noted on December 01, 2010.
II. VIEWPOINT
I will be the company’s consultant hired to recommend the most possible solution as menioned in this case.
III. STATEMENT OF THE PROBLEM
Can a company retire employees below legal age...