Company states no access to pension or 401K during salary continuance
My Cerritos, California facility was closed yesterday and 50 of us are laid off with salary continuance. Mine is for 40 weeks. My (ex)employer states I cannot access my pension, either enact annuity nor remove lump sum and also cannot roll over my 401K until salary continuance ends. Is this legal or a stipulation of continued pay and I agree or lose the continuance? As interest rates climb, my pension lump sum shrinks considerably.
0 answers | asked Mar 10, 2018 1:56 PM [EST] | applies to California
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