Hello! I live in the state of Washington. For several years my wife's employer has paid an amount equal to 3% of her salary into a 401k plan - not a match, just a straight contribution. The money was paid in a lump sum in the following calendar year, for example, her contribution for 2006 was paid in March of 2007.
The payout for 2007 has not happened yet, and we were told we'd be lucky to get it since it is "discretionary" for the company to make. Since she has resigned from the company we are also worried about getting the amount accrued in 2008 prior to her resignation.
Is is legal for them to decide not to pay?
How about the timing of their contribution (the year after)?
The payout for 2007 has not happened yet, and we were told we'd be lucky to get it since it is "discretionary" for the company to make. Since she has resigned from the company we are also worried about getting the amount accrued in 2008 prior to her resignation.
Is is legal for them to decide not to pay?
How about the timing of their contribution (the year after)?