How do we get money out of a retirement savings program?
Posted by Dolores
jmcupp2000 asked:
Three years ago my husband left his job at a school district. He was employed with them for 6 years. How can we get the money they took out of his checks for his retirement savings since he obviously wont be retiring with them. They are not cooperating with us.
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Three years ago my husband left his job at a school district. He was employed with them for 6 years. How can we get the money they took out of his checks for his retirement savings since he obviously wont be retiring with them. They are not cooperating with us.
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September 29th, 2009 at 2:47 pm
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You don’t. The retirement program is administered by the state. So if you spouse is a teacher, then no matter where in the state he teaches he is building his retirement fund. If he has left the profession or state the money sits there until he is of retirement age and he then collects a small pension. Odds are he is already vested in the pension plan and you cannot have the cash.