Any one here received a Voluntary Retirement Redundancy?
816778
I took  a voluntary redundancy package three years ago,at my meeting i was informed of the sum payable and date,the holiday entitlement creased,you'll be able to collect your belongings and have a party I received my company pension at the end of the following month and paid monthly,I was really ready to finish my working life when offered the package,.at first the newness of not going out to work was exciting after three years i find it a little boring at times,I don't get any state help and I'm expected to live off my pension and lump sum,I think that on the whole at the age you say you are don't turn it down you'll soon find plenty to do and make new friendships
990189
not if you are voluntarily leaving a job.  you have had to be layed off only.
22835
They falsified their accounts.\n\nBosses said they were doing well and they weren't. So all those people who worked there for years and were looking forward to a pension had nothing to look forward to.
169883
I retired and needed a hobby or some other idle occupation
806899
An Individual Voluntary Arrangement is suitable for some people and not for others.\n\nIt all depends on your individual financial situation.
99396
Call the company that you worked for.  They can resend.
355001
this was not enacted by congress. The 4% you are referring to is Social Security with holdings they were going to allow you to self direct for your own retirement. I urge you to save it any way in a ROTH  I.R.A..
1118865
i was.. retired 2 months ago
640454
Yes. I did and it's been one of the best decisions of my life. It was exactly what I needed at the right time. I was stuck where I was with no chance for an advancement or real future. The company I'm currently with, I have a lot more opportunities and it hasn't taken me long to work up. I'm already making more money now than I was with my old employer and I'm happier with my position.
1026669
Did you know you have to work at the same job for at least 20 years to collect a pension, 30 years to collect a full pension and can't collect till you are 62...year after year the government takes your money and again you have to wait till you are in your 60's to get a small portion back from social security...hats off to people who worked hard all their lives and still have good health and able to work in their 60's & 70's!\nGreedy????
417715
I too would enjoy having that, but suspect you won't get it other than by accident. I'm drafting a letter to the corp now, and I began in just the general sense, with follow ups intended.\n\n   If you get one let me know.\n\nRev. Steven
1075500
Yes.  I retired from a job and live on a pension.  It is not uncommon for a retired person to work in the same field at a different company and get compensated, or to go to school to get more education, but generally retired means not working.
1111372
Your first call should be to the VA waste and fraud line (another poster put the number up) and if that doesn't work, try the Pension Benefit Guaranty Corp. They don't work with the VA pension but they do have all the ins and outs of pension law and can refer you to the proper resources.
251662
I wouldn't count on it.  If you're young, you don't need to depend on receiving SS when you retire.  It would be a wise idea to participate in your employer's retirement program or invest some money some way so that you are preparing for your future.
979863
get another one and hope no one shady finds the old one.\n\nhttp://www.ssa.gov/ssnumber
1066150
in the uk its called incapacity benefit, you claim it from the jobcentre, hope this site will give you enough info
590057
It depends upon the terms of the plan.  Pensions are a special breed.  ERISA protects anything contributed by you and you may be entitled to some or all of what the employer has contributed.  However, pensions do not work like 401(k) plans.  Likewise the vesting rules are part of the Internal Revenue Code and not ERISA.  The rules for vesting can be as long as 10 years in some cases though that type of cliff vesting as it is called has become rare.  More common is a minimum of five years of employment for pension vesting.\n\nLikewise, if the plan is not qualified under the Internal Revenue Code, then the employer receives no tax deduction until paid, but is free to vest anyway they like.\n\nAlso, pensions I believe can restrict access to the funds until retirement.  You could receive it as a monthly check when you retire.  You could also receive now the present value of the future benefits.  It isn't likely to be much.\n\nIf you are 30 and entitled to lifetime benefits at age 65 at a rate of $100 per month, you are likely entitled to only $1075 today.  Involuntary or voluntary does not matter, unless you had died or were disabled.  Pension benefits only become valuable near retirement.\n\nERISA protects money you have paid in, the IRS code probably protects some or all of the employer contribution, but that protection does not necessarily mean you can access the funds before retirement.  Likewise, if you are married, you may be restricted from accessing the funds since pensions protect both spouses income for life.  Congress does permit spouses over 35 to waive their rights to the money.  It isn't binding on spouses under 35.\n\nThe answer is in your pension plan document.  It is the binding contract with participants and the plan trustee.  The Department of Labor people are nice and quite helpful, but they won't be able to help until you are sure they are breaking the rules.  It is unlikely that an employer would do that as the sanctions are high.  Read the document, it is a legal document but it is reasonably straight forward.  Also, HR should have provided you with all of this information at the exit process.