Employment Law

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Related Employment Law Questions
Is it fair that employee A who is 65 at termination and
is it fair that employee A who is 65 at termination and employee B who is 35 at termination receive the drastically different pension lump sums with the same years of service and the same pay. … read more
Law Educator, Esq.
Law Educator, Esq.
130,073 satisfied customers
My company had a Defined Pension Plan but froze the years of
My company had a Defined Pension Plan but froze the years of service and later froze salary. Lump sum continued to grow until you turn 62 then it starts decreasing due to a clause called "Exact Age Lu… read more
John
John
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Doctoral Degree
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I worked for Pepsi cola for 14 years. When I left, I could
I worked for Pepsi cola for 14 years. When I left , I could have taken around $9000 retirement, but did not. This was in December 1999. Recently I called Fedelity Investments, the Company that handles… read more
Robert L
Robert L
Deputy General Counsel
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I'm retired and receiving monthly pension from New Jersey
I'm retired and receiving monthly pension from New Jersey carpenters fund ,would like to cash out full sum,is there a way to do this. … read more
Attorney Wendy
Attorney Wendy
Member
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It's a pension plan. I was told Id get lump sum of 299K,
It's a pension plan. I was told Id get lump sum of 299K, didn't file paperwork, second paperwork says 11K less now lump sum. … read more
John
John
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Doctoral Degree
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I was told last year that my pension does not allow lump sum
I was told last year that my pension does not allow lump sum payouts. Will the new law taking affect in 2017 change that? I don't have much in there, I will be able to get $267 a month for life starti… read more
INFOLAWYER
INFOLAWYER
Partner
Doctoral Degree
65,342 satisfied customers
I have a question regarding the distribution of my Defined
I have a question regarding the distribution of my Defined Benefit Pension Plan. I recently left my employer that had this plan, and basically they are saying that I can not take a lump sum, that I ha… read more
INFOLAWYER
INFOLAWYER
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Doctoral Degree
65,342 satisfied customers
As part of a severance package ghly compensated executive,
As part of a severance package for a highly compensated executive, can the executive be offered the option of a lump sum payment of a qualified (vested) pension and/or a non-qualified pension (non-ves… read more
Law Educator, Esq.
Law Educator, Esq.
130,073 satisfied customers
Hello To simplify my question, My lumps sum pension pay out
Hello To simplify my question, My lumps sum pension pay out was 13% lower than the estimate . That seems an extreme difference. I wrote a letter questioning it and was told interest rates change and c… read more
John
John
Employment Lawyer
Doctoral Degree
4,234 satisfied customers
My husband was offered a lump sum but out on a utility company
My husband was offered a lump sum but out on a utility company pension plan that they have not added funds to since he originally retired in 2000. He subsequently returned to work until age 55, which … read more
INFOLAWYER
INFOLAWYER
Partner
Doctoral Degree
65,342 satisfied customers
I worked for Costal Corporation and left in 1987. I was able
I worked for Costal Corporation and left in 1987. I was able to start collecting retirement benefits at the age of 55 (company paid benefits). I get about $170.00 a month. I have asked to get the life… read more
socrateaser
socrateaser
36,042 satisfied customers
My name isXXXXX currently work at Glaxo Smith Kline
My name isXXXXX currently work at Glaxo Smith Kline (Marietta site). September will be 6 years with the company. I originally was hired to primary clean labs and run the sterilizer autoclave. Within t… read more
wallstreetfighter
wallstreetfighter
Attorney
Doctoral Degree
11,809 satisfied customers
Ive worked for a large corporation for over 30 years and the
I've worked for a large corporation for over 30 years and the Union working agreement gives me the right to retire and take my pension in a Lump Sum. The company is in the process of selling all or pa… read more
Legalease
Legalease
Attorney At Law
Doctor of Law w/ highest honors
15,719 satisfied customers
Two years ago, after I filed for Soc Sec, I received a notice
Two years ago, after I filed for Soc Sec, I received a notice from Soc Sec that stated I may have a "Potential Private Pension Benefit" lump sum from an old (mid 1970's to mid 80's) employer's pension… read more
LadyJustice
LadyJustice
Attorney & Counselor At Law
Doctoral Degree
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Is this legal Both employees work and are fired from the
Is this legal? Both employees work and are fired from the same company. Neither has a title of management or supervisor or anything that is distinctly different in as far as authority in the workplace… read more
Tina
Tina
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Doctoral Degree
31,168 satisfied customers
The PPA of 2006 has a provision restricting lump sum pension
The PPA of 2006 has a provision restricting lump sum pension plan options that goes into affect January 1, 2011. Can this provision affect lump sum pension plan options that commenced prior to January… read more
Law Educator, Esq.
Law Educator, Esq.
130,073 satisfied customers
I work for Verizon. Verizon is selling a 14 state area to Frontier
I work for Verizon. Verizon is selling a 14 state area to Frontier Communications. I'm part of the employee base being transferred to Frontier. I have 25 years of service and and at close of the sale … read more
Tina
Tina
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I have been working for the same Illinois based corporation
I have been working for the same Illinois based corporation for the past 22+ years. I was hired in CA and have been based here for my entire career. When I was hired in '87, the company had a Defined … read more
Attorney Wayne
Attorney Wayne
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JD
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The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).

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DISCLAIMER: Answers from Experts on JustAnswer are not substitutes for the advice of an attorney. JustAnswer is a public forum and questions and responses are not private or confidential or protected by the attorney-client privilege. The Expert above is not your attorney, and the response above is not legal advice. You should not read this response to propose specific action or address specific circumstances, but only to give you a sense of general principles of law that might affect the situation you describe. Application of these general principles to particular circumstances must be done by a lawyer who has spoken with you in confidence, learned all relevant information, and explored various options. Before acting on these general principles, you should hire a lawyer licensed to practice law in the jurisdiction to which your question pertains.

The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).

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