Nest Egg
Saturday, November 14, 2009 at 05:30PM 
My nest egg for retirement is not very big at all. I make my contributions regularly and guard them with my life - never wavering in them, and have always liked to see my quarterly statements come in the mail and see the number go up each time (for the most part). Then there was last year. I, like everyone else in America took about a 15% hit last year when the economy took a nose dive.
I can live with that.
What I cannot live with is that fact that I am still fighting with an employer from back in 2005 who stole money from my IRA contributions and used them for himself. He did this to everyone in the company. Since I had only been at the company less than 2 years, the amount I am fighting for is about $2,000. Some employees got taken for much more.
I left the company after working there for two years. Less than a year later the company went under.
The amazing office manager spearheaded a 3 year investigation that got the Attorney General and the Department of Labor involved. Most of the money has been returned. Most of it, but not mine and not one other employee's. When I left the company I rolled over the funds I did have into another IRA, closing the account I had with the company I left. When the money was mandated by the court to be paid back by the CEO who stole it, the funds were transferred electronically back into the employees' IRA accounts.
Only my account had been closed so my money went no where.
I have been trying to track it down since July and I am still waging the good war to get what is mine back. I have been very lucky that I have an amazing contact at the Department of Labor who is on the case with me. I will be calling her again Monday to ask her what is next.
How someone, a CEO of a very small 30 person company can steal from his employees is so beyond me. The jerk lives in one of the wealthiest towns around here, and his staff at the time were all hard working, 45 years old and younger, really committed to him and the company, and not at all in his financial affluence range. How can someone do that?
I want my $2,000 back in my nest egg to grow for retirement!
smoochdog |
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