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Recent employment law questions
I am about to retire from an employer that offers an
I am about to retire from an employer that offers an ERISA-qualified pension (401a). I read the official plan document and found out that the employer can cancel the pension plan at any time for any reason. Most likely this good employer will not do that, but if it does, the plan says that retirees receiving a monthly pension could be turned over to an insurance company for continued annuity or given a lump sum to replace their remaining benefit. Let's say this happens several years from now and I have outlived my life expectancy. Could it be that I will have completely exhausted my benefit and my remaining benefit will be $0?Thank you for your advice,Jane
I'm currently on LTD disability, exp'g. on Aug, when I turn
I'm currently on LTD disability, exp'g. on Aug, when I turn 65; my former employer terminated me due to disability. At the time, the Co. considered an Ee. to be fully vested in 5 years, which I had met. My question is: Am I entitled to Retirement Benefits?
When I retired from co school system I was with my gay
When I retired from Lee co school system I was with my gay partner for 20 some yrs .there were no options at that time for me to choose to make sure she gets my pension. I did have her as my benificary. Now that Supreme Court has allowed us to marry after38 yrs is she entitled to my pension from the Fl school system? We had no option at the time to check I think I checked option 1 but that was not fair. Now that the law has changed can she get my pension? Please help us she does not have a pension she has always been self employed and I want her to have my pension that I paid into. *********** ************
I was told by Social Security that I "may" be entitled to
I was told by Social Security that I "may" be entitled to retirement benefits. I called American Standard and after 90 days of looking into it, they say I am not eligible because aI signed a form. I do not recall signing any form and they have my termination date as 2004, although I was terminated in 2003. How do I challenge them?
I recently retired on 3/31/2016 and enrolled pension
I recently retired on 3/31/2016 and enrolled for my pension benefits on 3/23/216. Our pensions were froze in 2012 and the benefits calculated at that time. My benefits were complex to calculate because I was outsourced in January 2005 through March of 2009. I had also briefly retired in 2007 and had received 24 pension payments before being rehired by my original employer including prior years of service. Principal is the administrator of the pension fund and for some reason cannot seem to calculate the pension benefit correctly. They have worked on it for 4 years and I received numerous pension statements but never the same amounts twice. The statement from 3/15/2016 was used when I enrolled for my pension benefit and I was assured by my employer and Principal that the amounts were finally correct. I have been retired for almost two months now and have yet to receive a distribution. I received a call from Principal in late April and they told me that again they have not calculated the benefit correctly and I am looking at a $360 monthly reduction from what they promised me. My employer is working with them to verify the calculations and last week I was informed that more errors were made and the monthly amount is likely to be reduced again. This is totally unacceptable to me as I have made economic decisions based on the monthly amount that I was assured was accurate. Is there any legal recourse for me to hold them to their original promised amount. I still do not know what the most recent calculated amount is for my benefit. I'm guessing it will be close to a $500 a month reduction which is $6,000 yearly.
Regarding Employment and Benefits. I'm a Texas employer with
Regarding Employment and Benefits. I'm a Texas employer with one full time employee (myself and am also the owner), and plan to hire an employee. It's a consulting business. Do I need to offer the employee the same benefits like I receive from my company? I receive Healthcare, retirement, vacation and sick days. Can I offer them only vacation and sick days, and no healthcare and retirement?
My wife has worked bank in Tulsa 17 years. About 15 years ago she was promView more employment law questions
My wife has worked for a bank in Tulsa for over 17 years. About 15 years ago she was promoted to Vice President of Operations by the second president of the bank. About a year ago, a 5th president came on board and almost immediately stared belittling her performance and not too long after that (3-4 months ago) took away her title. She was able to keep her salary however. They w Last week she was told that her salary was going to be cut in half, she would have to move out of her office and into the bank lobby and be a receptionist!This is a woman that's been a loyal employee for over 17 years. She's never had any discipline issues and this is only the third job in her life! She is 66It seems to me they are attempting to make her quit. That could negate her ability to draw unemployment. It would also keep her company from offering any type of severance package.Is there anything here? Do we have a legitimate complaint?Thank you in advance for you time and help.M