QUESTION
If I have a vested retirement lump sum payment but employer won't pay for 60 days, why?
Asked on Nov 21st, 2013 on Labor and Employment - Idaho
More details to this question:
I am due a vested lump sum retirement payment, but employer won't pay for 60 days. Is this legal?
3 ANSWERS
Appellate Attorney serving Grosse Pointe Farms, MI
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Musilli Brennan Associates, PLLC
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I would have to look at the terms of the plan. What did you agree to?
Answered on Nov 26th, 2013 at 4:32 AM
I would need to read the plan that set up your retirement fund to know if the 60 days is legal or not.
Answered on Nov 21st, 2013 at 1:41 PM
Commercial Contracts Attorney serving Boise, ID
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Peters Law, PLLC
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Probably. Look at the plan documents. They probably give the employer that much time to come up with the money.
Answered on Nov 21st, 2013 at 1:12 PM