Salary Reductions/Retirement Benefits
Get Legal Help Today
Compare Quotes From Top Companies and Save
Secured with SHA-256 Encryption
Salary Reductions/Retirement Benefits
I’m planning on retiring in April 2010, how will these salary reductions affect my quoted monthly retirement payment. And and when monies are reinstated will it be retro and if so would I received the reinstated funds after I’ve retired…
Asked on June 19, 2009 under Employment Labor Law, California
Answers:
B. B., Member, New Jersey Bar / FreeAdvice Contributing Attorney
Answered 15 years ago | Contributor
For advice that you can rely on, you'll need to take the retirement plan description to an attorney in your area. There are other facts that he or she will want to know as well. One place to find a qualified lawyer is our website: http://attorneypages.com
One of the things that might matter is if the salary reduction was "officially" just temporary. But I very much doubt that, if your pension is reduced because of that reduction, having the old rates reinstated after you retire would benefit you at all.
IMPORTANT NOTICE: The Answer(s) provided above are for general information only. The attorney providing the answer was not serving as the attorney for the person submitting the question or in any attorney-client relationship with such person. Laws may vary from state to state, and sometimes change. Tiny variations in the facts, or a fact not set forth in a question, often can change a legal outcome or an attorney's conclusion. Although AttorneyPages.com has verified the attorney was admitted to practice law in at least one jurisdiction, he or she may not be authorized to practice law in the jurisdiction referred to in the question, nor is he or she necessarily experienced in the area of the law involved. Unlike the information in the Answer(s) above, upon which you should NOT rely, for personal advice you can rely upon we suggest you retain an attorney to represent you.