Legal Question in Employment Law in New Jersey
I retired from my company 30 months ago, but did complete the pension plan at that time to start receiving my pension benifit. This week I have started the process to receive my pension, but was told that they do not do retroactive payments. If I had started my pension when I left the company 30 months ago I now would have had about 30,000 dollars. They are telling me that I will receive that money over the future payments for the rest of my life, but that is impossible since the pension amount is only 3 dollars more than what it was 30 months ago. Have I lost that money, and is there any recourse for me?
2 Answers from Attorneys
this will definitely require a lawyer to sit down with you, and read over ALL of the documents.
You may have a problem. A smart lawyer MIGHT be able to assist you.
I would have to review your documents to be sure but if the pension plan administrator did not give you sufficent information in which to make an informed decision regarding when to start your pension payments, you may have grounds to seek retroactive payments. However, this type of case can be tricky and may be expensive to pursue. Please feel free to call my office if you would like to make an appointment in order to discuss this further.
Related Questions & Answers
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
