S
subrian
Guest
What is the name of your state? Illinois
I was recently laid off from a non-profit organization in Illinois after nearly 4.5 years. As part of the layoff, I signed a severance agreement. The agreement explicitly stated that I had vested in my pension, and that a calculation would be made and mailed to me. In addition, the HR representative that I spoke with during my exit interview mentioned that my years of service were close enough to the required 5-year vesting requirement, and that I would receive a pension.
A few weeks after signing the agreement, I was notified by both HR and the company that maintains my organization's pension that I did not qualify for any pension benefits, and would receive nothing. I wrote to the HR representative questioning the decision, and she wrote back stating that she had made a mistake when she originally determined that I was eligible for pension benefits
Is it legal for them to do this? I thought the severance contract was legally binding for both the employer and employee. What steps can I take to regain my pension?
Thank you.
I was recently laid off from a non-profit organization in Illinois after nearly 4.5 years. As part of the layoff, I signed a severance agreement. The agreement explicitly stated that I had vested in my pension, and that a calculation would be made and mailed to me. In addition, the HR representative that I spoke with during my exit interview mentioned that my years of service were close enough to the required 5-year vesting requirement, and that I would receive a pension.
A few weeks after signing the agreement, I was notified by both HR and the company that maintains my organization's pension that I did not qualify for any pension benefits, and would receive nothing. I wrote to the HR representative questioning the decision, and she wrote back stating that she had made a mistake when she originally determined that I was eligible for pension benefits
Is it legal for them to do this? I thought the severance contract was legally binding for both the employer and employee. What steps can I take to regain my pension?
Thank you.