Financial Information
Can I get my retirement funds even though the company says no?
Question : Can I get my retirement funds even though the company says no?
I was laid off 1yr ago. I was vested in my retirement plan long ago. I’ve been told I am entitled to ALL the funds in my ‘legacy’ retirement account but the company says I cannot have funds until annuities start at 55. Is that true?
retirement funds
Best answer:
Answer by Age of Reason
Yes it is true. It is NOT your money till you meet all the requirements
‘legacy’ retirement account
These are the critical words. This means this IS NOT a 401(k) or similar plan. The terms of this plan are literally whatever the company determined when the created the plan. NO ONE outside your company knows what those terms are.