After working for a company for a long time, when retirement rolls around, you expect the benefits promised you to be paid out. Unfortunately, many individuals in California and elsewhere find themselves in a dispute over their pension and retirement benefits. Sometimes, threatening litigation is the only way to resolve such an issue.
Recently, a woman in another state had her concerns over her pension and retirement addressed after she threatened to sue her former employer. The amount she was initially paid out was lower than she expected based on her position and the retirement plan she says was made available to her. Through the negotiations process, she was able to get her employer to pay her an additional $14,764.
Thankfully, this case did not end up going to trial, which really is good for all parties involved, as litigation can be a messy and expensive process. This settlement put an end to the plaintiff's lawsuit. She cannot make any further claims against her employer.
Most cases like this are actually settled through private negotiations, as employers do not want to be dragged into litigation because it is quite costly. California residents who are in the midst of a dispute over pension or other retirement benefits can seek help from legal counsel on the matter. Litigation may not be necessary, but threatening litigation may be a way to bring a former employer to the negotiation table. Hopefully, through talking things out, an agreeable solution can be reached without having to set foot in a courtroom.