Legal Question in Civil Litigation in Florida

pensions

in 2006 at age 63 i took a lump sum distribution from the company that i left back in 1996 from the company paid pension plan.

in 1996 when i left the company i took our all of my 401 k in a lump sum.

they are now telling me that they over paid me on the pensions plan by 12,064.31 dollars, which is that amount of the 401k that i took back in 1996.

they want this paid right away, i do now have that kink of money as my only income is social security at 800.00 per month. I am unable to work because of bad heart and a damaged lung.

what can i do, and what are the legal actions that can be taken against me in this matter.

please help me. thanks


Asked on 7/02/07, 5:19 pm

1 Answer from Attorneys
Scott R. Jay Law Offices of Scott R. Jay

Re: pensions

NOTE: This communication is not intended as and should not be interpreted as legal advice. Rather, it is intended solely as a general discussion of legal principles. You should not rely on or take action based on this communication without first presenting ALL relevant details to a competent attorney in your jurisdiction and then receiving the attorney's individualized advice for you. By reading the "Response" to your question or comment, you agree that the opinion expressed is not intended to, nor does it, create any attorney-client relationship, nor does it constitute legal advice to any person reviewing such nformation, nor will it be considered an attorney-client privileged communication. If you do not agree, then stop right here, and do not read any further.

I would try to work out some sort of repayment plan with the company. Explain your financial situation and lack of funds. Frankly, if you have no savings, they cannot garnish your social security payments anyway.

If the company will not accept payments, then you may as well let them get a judgment against you. Your social security payments are safe and you say that you have no other monies.

Scott R. Jay, Esq.

Read more
Answered on 7/03/07, 12:21 am


Related Questions & Answers

More General Civil Litigation questions and answers in Florida