Posted on 06/18/2016 7:08:00 AM PDT by George from New England
Wife worked full-time at an organized church office for 9 1/2 years now. Worked 35 hours a week and received insurance and health care benefits, etc.
Fiscal year cycles at June 30. She was the elimination of her position this past week and given the option to continue at 19 hours a week, part time. She has said no, she needs a job with benefits. They surprised her yesterday, Friday, with her last day worked. Their letter says she is paid until end of June and 4 weeks into July for sick days and left over vacation time.
Now her termination letter say June 17th.
Her birthday is Dec 24, 1956 -- which makes her 59 1/2 in one week, June 24th this year.
Does legal status change once ones passes the 59 1/2 age when it comes to retirement laws or is that half birthday only relevant to penalties on i.r.a. account withdrawls? Could the difference of one week, change her ability to get early pension benefit or are there laws surrounding 59 1/2?
This is the state of Florida and one of the Catholic Dioceses down here.
Remind her that she works for a Great King with unlimited benefits who will recompense her. Love each other.
She should look at Walmart, Lowes, etc and hang in there until at least 65 if possible. Getting a job with benefits over age 50 is very hard now because employers are facing such high costs associated with Obamacare, unemployment insurance, etc.
First things first. CONTACT A LAWYER! She is over the age of 40 and is being forced out by no reason of her own less than 6 months away from a pension position at 10 years of service. She may have an EEOC case and she should check into it.
This is a sleazy situation. Most diocese have pensions and most start at 10 years of service. This stinks to high heaven!
Hmm, even the replacement office manager is almost 60 something. Albeit everyone that did leave is over 40.
They fail to realize that any volunteers will not be young. By alienating the older folks this way, they have cut their throat with the volunteer base. Everyone knew the secretary and loved her.
Yes, you can always roll a 401K into a private self directed qualified IRA with no penalty. You need a 1035 exchange.
One of my pensions wont kick in till 65.
The others I can draw on now but taking them rules me out from working for those people ever again.
Healthcare is the bugaboo.
I cant afford Obiecare waiting for medicare
good point
Tell your wife to apply with EVERY MAJOR grocery chain out there, they are ALL union you only have to work 24 hours a week for GREAT PPO medical benefits this is what I did for my medical benefits!!! I have a small catering company but I REALLY needed medical I am also 59 medical insurance was just WAY TO HIGH!!!!! The plan through work is only 7.00 dollars a week it is the best insurance I have EVER had in my life!!! Grocery companies are hiring older people because the younger generation is just NOT reliable, although I REALLY HATE unions this has worked for me!!!!!
No, you can withdraw from an IRA or 401(k) starting in the calendar year that you turn 59-1/2. Since her birthday is in the second half of 2016, then you can start withdrawals anytime.
re new boss:
Aint that the truth!
You can spend decades working for a guy on an understanding and then BLAMMO! Years of restructuring
Yep. Collect unemployment she put into the system until 59 1/2 and only take from the 401K until 62 when she collects social security and then enjoy her well deserved retirement.
Most pensions have a ‘vested’ amount of time. Usually has nothing to do with age.
Hubby retired at 53 with 99% because of 33 years with the Fire Dept.
Jobs, like civilization, are very fragile.
I found interesting work at half pay with lousy benefits and that took a year.
The Obama economy stinks!!
TRUMP! TRUMP!
Something has got to change.
This is not a wise move by the church. I’m sorry you two are dealing with this at her age but I know a lot of people who are in the same boat.
Thanks for that tip.
Food never goes out of style LOL
Sigh... I had a 32 year run
Definitely the Obama economy stinks. Obamacare stinks. The mandate that companies have to provide this and that for Obamacare stinks. Just that there are no promises, re work. I love Dave Ramsey’s approach - ‘Deliver pizzas while you pay your bills.’
Healthcare is killing early retirement.
my plan is to eat drink and be merry save for a rainy day so that I may have more merry days and in the end...
wander into the woods and let the wolves have me
I’d call the bishop up and drop in a few phrases like age discrimination and bad publicity, and does he want to make a statement on the record about any recent child molestation payouts impacting staffing.
Since they didn’t give her two weeks notice, they probably won’t give her a decent reference. Tell her not to sign anything until she talks to a lawyer.
Any journalists in town with a reputation of being left wing anti-Catholics?
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