I took the distribution when I was separated from the company. They processed it and told me that it would be paid to me on September 1st. They asked me to go back to work for them. I told them I would go back to them but I needed to be sure I was able to get that money from the pension...
Wow how did this conversation go from one topic and went to going over what is best for me financially. My legal question was if it was ok for my employer to give me false information on something knowing that the information I got would be critical to my decision of going back to them or not.
zddoodah said that Im in a better financial position, when he has absolutely no idea on my financial situation. I was simply responding to him. I'm well aware of my situation and getting that distribution is the best thing for me.
Well.... If they that given me the "Correct" information from the beginning I wouldn't had return to work for the company and would had stared working for the new company with a similar salary. By now I would have had access to the money from the pension and would had paid off the high interest...
It just says this:
The vested value of your plan benefit is payable if any of the following events occur:
Your employment with XXXXXXX ends;
You die; or
You are disabled and have been receiving benefits under the XXXXXX Long-Term Disability (LTD) Plan for more than 18 continuous...
Hello,
I'm wondering if I can do sue my employer for lying to me regarding my pension plan.
Back in June I decided to quit my job and I already had an offer with a new employer.When I left I decided to cash in my pension where I was 100% vested in. I sent in all necessary paperwork and I was...