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I am a pioneer employee in a BPO company during its early years ( The company was so new, we dont have an HR department at that time) I signed my employment contract 10 years ago stating my compensation and benefit entitlements. It specifically mentioned that I am entitled to a PENSION PLAN. This is one of my considerations in accepting the job. After 2 years the company ceased to include it ( the pension plan)in the new hire's employment contract. And when being asked about it ( pension plan) they would say they are still looking into it. I didnt bother then because I am way far from retirement age. A few years after that, they finally said that we will not be having a Pension Plan, our company will just have the regular retirement pay as mandated by DOLE. My question is: is there a breach of contract in this case? What are my rights? What could I do? I am afraid they will just MAKE ME sign a new/revised contract just to avoid being legally liable. Of all the pioneers, only 10 of us is still working for this company. Just to mention, our sister company is offering PENSION PLAN to all their employees, so its not that they CANT give that benefit to us.
I am a pioneer employee in a BPO company during its early years ( The company was so new, we dont have an HR department at that time) I signed my employment contract 10 years ago stating my compensation and benefit entitlements. It specifically mentioned that I am entitled to a PENSION PLAN. This is one of my considerations in accepting the job. After 2 years the company ceased to include it ( the pension plan)in the new hire's employment contract. And when being asked about it ( pension plan) they would say they are still looking into it. I didnt bother then because I am way far from retirement age. A few years after that, they finally said that we will not be having a Pension Plan, our company will just have the regular retirement pay as mandated by DOLE. My question is: is there a breach of contract in this case? What are my rights? What could I do? I am afraid they will just MAKE ME sign a new/revised contract just to avoid being legally liable. Of all the pioneers, only 10 of us is still working for this company. Just to mention, our sister company is offering PENSION PLAN to all their employees, so its not that they CANT give that benefit to us.
