Employment Law

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As per earlier discussion I live in NY and will be off soon.
this question is for melissamesq. As per earlier discussion I live in NY and will be laid off soon. I also have employer pension which I can draw upon termination. I have a choice to draw this in larg… read more
melissamesq
melissamesq
Attorney
Doctoral Degree
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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
Employment Lawyer
Doctoral Degree
4,293 satisfied customers
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
Juris Doctorate
4,472 satisfied customers
I have been receiving LTD benefits for. employer since 2008.
I have been receiving LTD benefits for. employer since 2008. on July 1st I took my pension from same company as I had a ONE TIME OPPORTUNITY to take lump sum within 3 months of my 55th Birthday. I ask… read more
Law Educator, Esq.
Law Educator, Esq.
Attorney
135,430 satisfied customers
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
4,293 satisfied customers
Brassel and I have been trying to find an attorney for a
My name is ***** ***** Brassel and I have been trying to find an attorney for a long time and no lawyer will take my case probing and I have no money because it's all been stolen and because is this I… read more
Maverick
Maverick
Doctoral Degree
7,126 satisfied customers
When I got permanently off, and have a pension with the
when I got permanently laid off, and have a pension with the company do they have to give my pension to me in a lump sum? They did offer to give it in monthly payments , but I would like to get it all… read more
Lucy, Esq.
Lucy, Esq.
Juris Doctor
27,571 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
4,293 satisfied customers
I recently took an early out with United Airlines and when I
I recently took an early out with United Airlines and when I tried to claim my pension in a lump sum in August of 2012 which was the date I was told I could file I was told I could not get a lump sum … read more
Law Educator, Esq.
Law Educator, Esq.
Attorney
135,430 satisfied customers
In Pennsylvania is a lump sum pension payout deductible from
In Pennsylvania is a lump sum pension payout deductible from Emergency Unemployment Compensation or Unemployment Compensation. The pension is from a job I worked at over fifteen years ago.… read more
A.J.
A.J.
Attorney
Doctoral Degree
1,796 satisfied customers
1. My company has a defined benefit pension plan with a lump
1. My company has a defined benefit pension plan with a lump sum option. 2. The plan may be underfunded. 3. It may be declaring bankruptcy in the near future. 4. I can retire only on the first day of … read more
legaleagle
legaleagle
Attorney
Doctoral Degree
7,048 satisfied customers
I am 54 1/2 yrs old and with 9 1/2 yrs of service working for
I am 54 1/2 yrs old and with 9 1/2 yrs of service working for Pfizer (formerly Wyeth) and I am fully vested in the legacy pension plan. I am approaching a pension milestone, "early retirement" at 55 w… read more
MDLaw
MDLaw
Attorney
Post-Doctoral Degree
358 satisfied customers
Greetings! Laid off in 2007, still unemployed; now 55 and qualify
Greetings! Laid off in 2007, still unemployed; now 55 and qualify for early pension from another employer (and need the money!); can I take a lump sum pension payout and still collect unemployment in … read more
Tina
Tina
Attorney and Counselor at Law, Mediator
Doctoral Degree
31,168 satisfied customers
i live in pa. i am 56 yrs old and losing my job do to a plant
i live in pa. i am 56 yrs old and losing my job do to a plant closing. i do not have much in my 401k---about 60 thousand--which i need to cash out in a lump sum to pay off my home.will this affect my … read more
Tina
Tina
Attorney and Counselor at Law, Mediator
Doctoral Degree
31,168 satisfied customers
I was terminated last April as a salary employee of General
I was terminated last April as a salary employee of General Motors During gov take over! I had 14 yrs so I was given a severance and a partial pension. I requested my pension in lump sum and Fidelity,… read more
JBaxLaw
JBaxLaw
Attorney
Doctoral Degree
8,080 satisfied customers
After 9 years of working as a remote employee living in VA,
After 9 years of working as a remote employee living in VA, I was recently laid off by a company who's head quarters is in Boston MA. After being laid off in Dec 09, I immediately applied for unemploy… read more
legaleagle
legaleagle
Attorney
Doctoral Degree
7,048 satisfied customers
I am considering taking a voluntary retirement option with
I am considering taking a voluntary retirement option with my company. I am still determining whether or not to take the monthly annuity payment or lump sum of my pension. The company is in financial … read more
INFOLAWYER
INFOLAWYER
Partner
Doctoral Degree
66,781 satisfied customers
Is there anyway to receive a lump sum benefit on a pension
Is there anyway to receive a lump sum benefit on a pension that doesn't have a cash value option built it? I'm a financial advisor and I'm asking on behalf of a client. The client was laid off after b… read more
Law Educator, Esq.
Law Educator, Esq.
Attorney
135,430 satisfied customers

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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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