Sears is Providing Financially for Employees Who are Reservists on Active Duty-Truth!

Sears is Providing Financially for Employees Who are Reservists on Active Duty-Truth!

Summary of the eRumor
The eRumor says that Sears is doing more than the law requires by paying the difference between active duty pay and their salaries for reservists called to serve and providing other benefits.

The Truth
According to a spokesman for Sears, the company has extended the period in which it will make up the difference between active duty pay and normal salary for 60 months.

Medical, dental, and life insurance are extended as well.

The employee pays part and the company pays part.

Sears is also offering a make-up plan on 401K plans so a reservist will not lose retirement benefits.

Sears records show that the company has provided support to employees serving in the military since 1916.

Although Sears is the focus of this particular eRumor, there are numerous other companies offering financial help to reservists who are on active duty.

Last updated 1/18/08

A real example of the eRumor as it has appeared on the Internet:

Subject: Sears


    Subject: SEARS


    IT IS ALL ABOUT HOW YOU TREAT THE PROTECTORS OF OUR LAND.

    I assume you have all see the reports about how Sears is treating
its

    reservist employees who are called up? By law, they are required
to
hold

    their jobs open and available, but nothing more. Usually, people
take
a
   big

    pay cut and lose benefits as a result of being called up...

    Sears is voluntarily paying the difference in salaries and
maintaining
   all

    benefits, including medical insurance and bonus programs, for all
called
   up

    reservist employees for up to two years. I submit that Sears is an
    exemplary

    corporate citizen and should be recognized for its contribution.

    I suggest we all shop at Sears, and be sure to find a manager to
tell
   them

    why we are there so the company gets the positive reinforcement it
well

    deserves.

    Pass it on.