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Andrea, Esq.
Andrea, Esq., Attorney
Category: Legal
Satisfied Customers: 12554
Experience:  25 yrs. experience in family law, estates, real estate, business law, criminal defense, immigration, and employment law.
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i am a board member of a credit union and our employees have

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i am a board member of a credit union and our employees have ask to buy them a single paymnet defined retirement. They already have a 401k and a 12% match on salaries and wages.I have said it is unethical to go give them 500k if they have not earned it.
Submitted: 7 years ago.
Category: Legal
Expert:  Andrea, Esq. replied 7 years ago.

Good Evening,


You have a great point and hopefully, the rest of the board members will agree with you.


The members already have a 401k and you have a 12% match! That's a heck of a package in and of itself in liht of so many people being layed off in this economy. There's a saying, "He who is greedy and demands the whole pie, winds up losing the piece that's already on his plate"


Stand your ground!



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Thank you and Good Luck!


ANDREA, JD, LL.M., Taxation

Member, NY & PA Bar


DISCLAIMER: The facts stated herein are information only and are not intended, nor should be construed as legal advice or legal opinion and No Attorney-Client relationship is formed by asking questions and receiving information; laws vary from state to state and to protect your interests, you should seek local counsel

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