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Recent Retirement Plans questions

Hale is a employer allowed to hold your retirement papers

Hi my name is ***** ***** is a employer allowed to hold your retirement papers back after you have requested for them I am currently employed with GE for the past 26 years and turn 55 in June I have been asking for My retirement papers since May now I have going on to disability not Workmen's Comp. and now they are saying I need to call and get all the disability and then they would say I was terminated and then they would send my papers are they allowed to do that. And one other thing is I have been harassed and singled out for the last seven years unfair workplace I am in the union but have not gotten any help from them or my HR person

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Law Educator, Esq.

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I am a member of a trade union. For 33years contributing an

i am a member of a trade union . For 33years contributing an now they change requirements an benefits. i would like to know if there is any recourse , or action that can be implemented to to have these changes , reversed for people who have been in so long isnt there a grandfather clause that can be used to fight these changes??

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Law Educator, Esq.

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I am a teacher who is currently on FMLA. I have spasmodic

Hi I am a teacher who is currently on FMLA. I have spasmodic dysphonia. I am considering quitting my job it's becoming too difficult shots have been sporadic and not getting great results .in the last two years. I was wondering if I qualify for any type of disability. I am considering a career change that is easier yet will still probably be challenged in some ways? Hate to have to start all over again at age 43? Any ideasJA: Because employment law varies from place to place, can you tell me what state this is in?Customer: Indiana and I have been diagnosed with SD for 11 yearsJA: Is the employment agreement "at will," union, full time or part time?Customer: Not sure what you mean I am employed full-time. I have been part of a teachers union?JA: Anything else you want the lawyer to know before I connect you?Customer: My employer has no short-term disability but they do have some kind of disability policy not sure what's in the language. I also have short-term disability with AFLAC?

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Law Educator, Esq.

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I recently contacted my Target Pension Plan to find out why

I recently contacted my Target Pension Plan to find out why had not been contacted at the age of 65 about pension payments. The agent said he did not know but I was eligible for payments now. I am currently 69 years old. He said the longer you wait to receive payments the higher they become. My question is since I was not informed by them can I receive the amount available at age 65 and retroactive amount for the last 5 years or do I have to accept the higher monthly amount and begin now. Thank you so much for your help.JA: Because laws vary from state to state, could you tell me what state is this in?Customer: Pension Plan is from MN I currently live in FLJA: Have you talked to a lawyer yet?Customer: noJA: Anything else you think the lawyer should know?Customer: No.

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Marsha411JD

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Type your question hereTime Warner cable was bought by

Type your question hereTime Warner cable was bought by Charter communications. Charter froze the Time Warner pension plan and created their own savings plan called the retirement accumulation plan. We are being told that we will have access to the funds upon retirement or termination of employment. If Time Warner Cable no longer exists and Charter is not continuing the pension plan then how can they legally block us from taking the lump sum?

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Marsha411JD

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Not sure if this is age discrimination or not. I received an

Not sure if this is age discrimination or not. I received an email from my employer, General Electric, around June 1st, notifying about 268 employees that they are eligible for a Voluntary Incentive Retirement Plan, offering one half of annual salary for people who accepted the plan and elected to retire on July 31st. Although I had about two months to train someone, my boss considered my position critical and would not let me accept the retirement package, with no offer of any retirement package in the future. He wanted me to stay an extra couple of months, with no incentive to stay except my normal salary. Because I was ready to retire and saw no reason to stay, i elected to retire on June 30th. I have no idea if I was the only one who was refused this offer because HR would not let me know. I am 68 years old and was ready to retire. Do I have a case for receiving any compensation on my retirement?

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Samuel II

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According to the ERISA fact sheet: "You immediately

According to the ERISA fact sheet: "You immediately vest in your own contributions and the earnings on them. This means you have earned the right to these amounts without the risk of forfeiting them. But note – there are restrictions on actually taking them out of the plan." This is from this link: https://www.dol.gov/ebsa/faqs/faq_consumer_pension.html. Can you tell me what they mean about restrictions on actually taking the money out of the plan? What restrictions can they impose?

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Law Educator, Esq.

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Defined benefit pension was stopped and hospital red a third

Defined benefit pension was stopped and hospital hired a third party diversified to manage Have began receiving monthly statements" estimates" of for years what my lifetime monthly payments would be started off(###) ###-####down to 200 then 0Hospital HR rep states based on admits ration plan Erisa rule it doesn't matter who made the errors in estimatesFinal calculation 56.00 /month vs as much as 600 based on yrs of service and rules of the planWhen a business decides to hire a 3 rd party to manage this over the years and wrong information is delivered to 3rd party or actuary calculates monthly estimatesHR dept today says it doesn'tMatter based on Erisa lawThey have to pay me based on what they have calculated correctly now based on rules of administrative plan

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Marsha411JD

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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

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