The Motley Fool Discussion Boards

Previous Page

Investing/Strategies / Retirement Investing

URL:  http://boards.fool.com/if-she-knew-the-correct-amount-she-had-at-least-a-30942728.aspx

Subject:  Re: Another reason to save for retirement Date:  10/26/2013  8:27 AM
Author:  billjam Number:  73644 of 76094

If she knew the correct amount she had at least a moral obligation to point out the error.

OTOH, I have a relative who was given the wrong pension amount by his employer at the time he made the decision to accept their early retirement offer. The company discovered its error three years later. They didn't ask for repayment but were going to cut his pension to the correct amount. He hired a lawyer who argued my relative would not have retired early if they had told him his pension would be the lower amount. The lawyer said my relative should be given his job back and receive back pay for the three years, which would have been much more than his pension payments. The company eventually decided to drop the issue and my relative is still getting the higher pension he was orginally quoted.
Copyright 1996-2014 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us