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 told everything was received and they would begin the distribution process, but that it would take 3 months for the distribution to take place. Before I began working for my new employer I received a call from my previous employer asking me to come back and work for them. It was really tempting to go back because they offered a raise but I rally needed the money from the pension plan since I have a lot of debt I wanted to pay off with that. Before I accepted going back to my previous employer, I called HR Pension department and explained my situation. I asked them if I would still be able to get my pension distributed to me if I went back to work for the company. HR Pension department told me that because I started the process while I was separated from the company everything would go accordingly and I would get my money in September. They told me that even if I went back to work for the company there was no way of stopping the distribution. Based on this information I decided to go back to work with my previous employer and give up the offer I had with the new employer. The day of the distribution came and I didn't see the money in my account so I decided to call them to see what was happening. To my surprise they told me that they cancelled the distribution request since I came back to work for the company and I could not make distribution while I was employed. This was totally different from what they told me back in June. This puts me in a difficult financial situation since I was really counting with that money. Is there anything I can do about this? all they did was apologized for the "misinformation"
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 told everything was received and they would begin the distribution process, but that it would take 3 months for the distribution to take place. Before I began working for my new employer I received a call from my previous employer asking me to come back and work for them. It was really tempting to go back because they offered a raise but I rally needed the money from the pension plan since I have a lot of debt I wanted to pay off with that. Before I accepted going back to my previous employer, I called HR Pension department and explained my situation. I asked them if I would still be able to get my pension distributed to me if I went back to work for the company. HR Pension department told me that because I started the process while I was separated from the company everything would go accordingly and I would get my money in September. They told me that even if I went back to work for the company there was no way of stopping the distribution. Based on this information I decided to go back to work with my previous employer and give up the offer I had with the new employer. The day of the distribution came and I didn't see the money in my account so I decided to call them to see what was happening. To my surprise they told me that they cancelled the distribution request since I came back to work for the company and I could not make distribution while I was employed. This was totally different from what they told me back in June. This puts me in a difficult financial situation since I was really counting with that money. Is there anything I can do about this? all they did was apologized for the "misinformation"