When General Motors last month offered buyouts and early retirement packages to 113,000 hourly workers, the move focused new attention on a key aspect of the continually evolving relationship between employers and employees.
A grandfather clause (or grandfather policy) is a provision in which an old rule continues to apply to some existing situations while a new rule will apply to all future cases. Those exempt from the new rule are said to have grandfather rights or acquired rights. grandfather clause (or grandfather policy) is a provision in which an old rule continues to apply to some existing situations while a new rule will apply to all future cases. Those exempt from the new rule are said to have grandfather rights or acquired rights.
There are about 70 million grandparents in the US today, and each month 75,000 Americans 45-69 years old join the club. The number of grandparents is expected to grow to 80 million by 2010. The average age of becoming a grandparent is 50 years for women and a couple of years older for men. Today's grandparents may range in age from 30 to 110, and grandchildren range from newborns to retirees. Most grandparents have multiple (5 to 6 on average) grandchildren.