Are you receiving the pension benefits to which you are entitled? If you are a participant in a pension plan and have suffered a loss in your corporate retirement fund account, you may be able to recover your losses. Our firm's pension lawyers can provide important pension advice and services concerning your retirement fund. Your retirement benefit could be at risk without your knowledge.
Most employees are not aware that their employers may not have contributed sufficient assets to pay promised benefits to future retirees or that the assets in their retirement plans may have substantially decreased in value creating a phenomenon known as under funding. This under funding could result in the inability of your pension plan to pay the retirement benefits due you. What's more, many employees are under the erroneous impression that their retirement benefits are fully guaranteed and backed by the federal government.
Recent events of corporate fraud, resulting in plummeting stock prices, have adversely affected the value of retirement funds of thousands of employees. Continuing corporate fraud will certainly threaten the retirement funds of thousands more in the years ahead. Reduction in retirement fund assets, inevitably leading to retirement fund shortfalls, threaten the financial security of many American workers. There are serious questions about how retirement plan investments have been managed and who is responsible for these shortfalls and the sustained under-performance of retirement plan assets. The parties responsible for the deficient condition of retirement funds may include the plan sponsors (i.e., employers) and their officers and directors, banks, trust companies investment advisors, accountants, actuaries, plan consultants and plan administrators.
You should not be shocked to discover that your retirement plan nest egg may be vulnerable due to mismanagement and fraud committed by those you've entrusted to manage and fund your retirement plan and retirement fund assets. You need not sit idly by while these breaches of fiduciary duty threaten to substantially diminish the retirement benefit that you've worked so hard to accumulate. You can hold these fiduciaries personally accountable to make good to your retirement plan any losses caused by their breaches of fiduciary duty.
Gilman and Pastor, LLP is committed to protecting the rights of pension plan participants to receive the full benefits to which they are entitled.
Contact an experienced pension lawyer today for pension advice and a free consultation that will help you understand your rights in a retirement fund.
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