Legal Question in Employment Law in Illinois

My wife is losing her job next month after 20 plus years . When she started with this commpany the hade a pension program after several years they changed to a 401k. They tell her that the value of her pension is over $11,000.00 she can get about $175.00 per month at age 65 or holf that next year when she turns 55. They also tell her that if it were less than $5,000.00 they wuold cut her a checkright now. I do not trust these peopel to be here for ten years is ther any way to get this money away from them now.


Asked on 3/23/10, 12:06 pm

1 Answer from Attorneys
David Labovitz Labovitz Law Firm, P.A.

These programs are strictly governed by federal law. You can research the laws of pension and 401k distribution for further information regarding how and when these monies are distributed.

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Answered on 3/28/10, 2:02 pm


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