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.
1 Average age of a first-time grandparent is 47; about half are under age 50 when their first grandchild was born. 2  Average age of a grandparent surveyed is 69. 3  The majority of grandparents are married (55 percent); 40 percent are divorced or widowed.4  Most are retired (62 percent); 15 percent are working full-time. Average age of a first-time grandparent is 47; about half are under age 50 when their first grandchild was born. 2  Average age of a grandparent surveyed is 69. 3  The majority of grandparents are married (55 percent); 40 percent are divorced or widowed.