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Ricotta & Marks, P.C.

Employment Discrimination Lawyers

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  • About R & M
    • Matthew Ian Marks
    • Thomas Anthony Ricotta
  • Practice Areas
    • Sexual Harassment
      • Hostile Work Environment
      • Workplace Retaliation
    • Employer Discrimination
      • Age Discrimination
      • Criminal Record Discrimination
      • Disability Discrimination
      • FMLA Violations
      • Gender Discrimination
      • Transgender Discrimination
      • Marital Status Discrimination
      • National Origin Discrimination
      • Pregnancy Discrimination
      • Race Discrimination
      • Religious Discrimination
      • Sexual Orientation Discrimination
      • Wrongful Termination
    • Education Law
      • 3020a Hearings
    • More Practice Areas
      • Employment Contracts
      • Labor and Unions
      • Mediation & Arbitration
      • Wage and Hour Disputes
      • Employer Defense
  • Resources
    • FAQs
    • Client Testimonials
    • Employment Law Blog
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    • Queens Law Office
    • Long Island Law Office
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Do you Lose Your Pension if Fired?

Home FAQs Do you Lose Your Pension if Fired?

By Ricotta & Marks, P.C. on August 9th, 2021 in

Do you Lose Your Pension if Fired? If you are at risk of losing your job, you may wonder: Do I lose my pension if I get fired? Can I get my pension if I quit? The answers will depend on the type of pension you have and whether or not you are vested in your pension.

If your retirement plan is a 401(k), then you get to keep everything in the account, even if you quit or are fired. The money in that account is based on your contributions, so it’s considered yours.

However, if you have a traditional pension plan that your employer is contributing money toward, your employer can take back that money in the event that you are fired. However, if you are vested in the pension, then all the money in the account is yours to keep, even if you quit or are fired. Becoming vested depends on the rules of the pension plan. Some may require that you work for the company for three or five years before you become vested, but it may be even longer for your company.

Call Ricotta & Marks, P.C., at 347-464-8694 or send us an e-mail to schedule your free initial consultation today.

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Ricotta & Marks, P.C.

Queens Law Office:
24-11 41st Avenue, Second Floor
Long Island City, NY 11101
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Seaford, NY 11783
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