Texas  |  Employment Law

Legal Question

Asked on: 11/14/13, 8:30 am

I've been employed with my current employer for 6 years, and am being permanently laid off tomorrow due to the closing of the facility.

I have invested about $20,000 into the employee retirement account, but being that I do not have the required number of years to be vested, I am forced to withdraw this amount and walk away from the $40,000 of matching funds put up by my employer.

Because the facility is closing, I am able to draw Texas unemployment, but was wondering how the one time pay out of my portion of the retirement fund will effect my filing for unemployment.

Didn't find what you were looking for? Ask an Attorney!

Get answers from the top Attorneys
Ask Question

209 Answers given in the last few hours.

8662 Active attorneys ready to answer your question

Search Past Answers:
  Advanced Search