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My Employer "Shorted" Me On A Retirement Check

Discussion in 'Non-Vegas Chat' started by Joe Strummer, Jul 10, 2020.

  1. Joe Strummer

    Joe Strummer VIP Whale

    Joined:
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    Wow !
    Long story ...... short version ?
    ,
    I was retired a week
    and my bank acc't posts 3 separate deposited checks
    Three ?.......I was expecting one.
    .
    I call my former employer
    " Accountant on vacation "
    Just my luck
    Finally today......I get to converse over the phone.
    The 3 checks were " split into 3 checks to lower your tax "
    Okay....thanks
    .
    I questioned the final total of the 3 checks - for my 50 Vacation Days Banked.
    Turns out.........My TOTAL WAS RIGHT........them wrong.
    My employer's acc't office shortened my hours worked per day by an hour.
    Some people work only 7 hrs a day -- I work 8.
    .
    I was " shorted " = $1600.
    But more importantly I informed over + over again -
    "You must inform my NY State Retirement accountants about the mistake -
    That $1600 is important to my FINAL MONTHLY retirement check FOR LIFE ! "
    ( I'm not going to explain all that.....that's the long version )
    ,
    Geez !
    I was lucky to be vigilant -
    and there was NO description of the bank deposits for me to view,..... 3 checks ?
    Electronic Deposit acc't slips show up in the mail about 5 days later -
    which I don't like about the automated system
    I can forget ALOT in five days !
    ,
    Anyway
    Morale to the story ......be vigil.
    " Ah....Grasshopper....no one looks out for you...ahh.....except yourself....end of lesson. "
     
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  2. VegasBJ

    VegasBJ VIP Whale

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    Sorry to hear that they shorted you like that.

    It is common when receiving a large lump sum check from a company ( like paying out your banked vacation or sick days) to pay it out across a couple of checks, otherwise the tax system thinks that large lump sum check is your new weekly pay, and this throws you into a much higher tax bracket for the deductions taken from that check. On this note, they did do you a "favor"
     
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  3. BlacklabberMike

    BlacklabberMike MIA

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    I wouldn't have expected any less of them knowing your relationship with them....

    "Look out for number one, but don't step in number two." Thornton Melon
     
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  4. Joe Strummer

    Joe Strummer VIP Whale

    Joined:
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    Yeh......Mike....
    It just keeps on with my wonderful relationship.....
    even into retirement ?.......geez..
    On my last 4 hr work day......they were trying to work my ass off -
    when other Dept. Foreman / Bosses would traditionally let the worker walk / drive around town -
    stopping in to say goodbye to everyone in town - for the entire last day.
    Who cares ?
    My Boss / Secretary wanted sweat + no breaks !
    " Jerks til the very end " ......as my wife said.
    .
    " Back To School "
    Rodney hitting on the female professor who is busy with too many classes -
    " Well....call me....when you have no class ! "
     
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  5. Ty

    Ty ?

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    deleted
     
    Last edited: Jul 10, 2020
    Taking my nephew along
  6. jack v

    jack v Low-Roller

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    I recall you retired but never heard the result of why they wanted you to come in late and stay late on your last day? was that another subtle twist of the knife thing?
     
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  7. fasbman

    fasbman Low-Roller

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    I had the opposite problem.

    When I retired, they over paid my deferred comp balance. When I got notified of the deposit by my bank, it seemed too much. I asked my former employer to send me all the backup for the calculation, and I pointed out what I thought was the error. The agreed and sent me another calculation. That was closer, but still not quite right, so we discussed it again, and came to agreement on the gross overpayment (about 22K, so it wasn't chump change).

    I told them that I needed the net of tax amount, and I would write them a check. A month when by, and no word from them, so I called. Apparently, it had slipped through the cracks, but they said they would get back to me very soon. Another two months went by, and I had to call them to ask what was the deal. They had the right number now, but they just forgot to get back to me. I told them I would stop by to personally deliver the check the next week, since I would be visiting anyway, and the matter was finally settled. I never had to work so hard to pay money in my whole life!
     
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