re write the memo in your own words with your own analysis

EXERCISE: WHAT DID HE SAY? This is the text of a letter provided by a healthcare facility's pension-servicing organization in answer to a question asked by a benefits specialist. See if you can deduce the true message and express it with clarity. Dear (Benefits Manager): Re: Date of Termination for Retirement Plan Purposes in the Payroll/Personnel System In connection with your payroll/personnel system, you asked us whether we thought it would be a good idea to have as an additional data item in the payroll/ personnel system, beyond an employee's traditional last day worked (i.e., the last day the employee is physically at the Company), the date of termination/retirement for Retirement Plan Purposes (i.e., the date that a terminating or retiring employee's vacation payments are exhausted). For consistency and for administrative ease in having the last day worked and day of termination/retirement needed to determine Retirement Plan benefits all in the same information source, we think it would be a good idea to have both dates for an employee in the payroll/personnel system