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