English students, read the next sentences:
đThe company decided to grandfather in existing employees under the old health benefits package.
đCurrent investors will be grandfathered so the old rules apply to their existing accounts.
what do "grandfathered" or "grandfather in" refer to?
I believe the second sentence should say "Current investors will be grandfathered in so the old rules apply to their existing accounts."
To grandfather in means that the new rule or law will not apply to people or things already present.
Example: An apartment building is built with 5 floors. A law is passed saying that buildings can only have 3 floors. The old apartment is grandfathered in and can stay since it was built before the law was passed.
February 16, 2024
0
0
Still havenât found your answers?
Write down your questions and let the native speakers help you!
Laura Manuela
Language Skills
Chinese (Mandarin), English, French, Spanish, Swahili