Bipolar Disorder Support Group

Bipolar disorder is not just a single disorder, but a category of mood disorders marked by periods of abnormally high energy and euphoria, often accompanied by bouts of clinical depression. This is the place to talk about your experience with bipolar disorder, learn from others' experiences, and find support.

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theloveisgone 04/19/2010

This is some grade A bullshit!

I quit my job of 3 years two months ago because of a lot of stuff I really don't want to get into. I worked for the city and had been paying into a private retirement fund for three years. When I quit I was told I would have a check mailed to me for quite a bit of $$$. They said it would take about a month to get to me. Well its been two months and I finally called today cause I am sick of waiting and besides that I need the money to move out of a really bad situation. So I call and the lady (who was really nice) tells me they haven't even sent the form for the check and it could take up to 90 DAYS! I broke down sobbing and my BFs telling me I need to call back right away so I flipped on him. So now I have no money, no help, and what little hope I had of getting out of this death trap is gone! I'm not whining I really am in a jam and I have no help... I just feel like there is no point to this suffering! Im so frustrated I could scream... and I have been... this whole situation is f***ed

deleted_user 04/19/2010

I'm sorry that you are having a tough time right now. I know what this stuff is like. It sounds like the lady was nice enough. Can you send a letter to someone higher up than her discussing your predicament to see if this can be expedited?

theloveisgone 04/19/2010

Im gonna try once they send the form or whatever

Grrrr

deleted_user 04/19/2010

that sucks, seems like they should have explained it better, i hope you can get your money asap
hugs
andrea

simplegirl 04/19/2010

Yeah, they really should have explained it better. I'd be flipping out too!! Hello, gotta have money to survive. That is one major trigger for us bipolars to get that kind of news. I'm sorry they haven't come through for you. Hopefully in this next month it comes. Don't give up hope, you'll be able to get out of there sooner or later, I just hope it's sooner!! The whole situation really does sound f***ed up! I hope you are calmed down and feeling better. Hugs

starfish 04/19/2010

Don't get stuck on that check as your only option for right now....what other possibilities are there for you to get somewhere else until you get your money? (and ride their asses now, you've got good reason to rub in their faces about it)....for starters, tell them you were supposed to get it a month ago, and it's already been two months now. Is there some way you can get it sooner? (pretend like you're asking this as a favor for your friend ~~ it will be easier to be relatively nice (as, in, not BP) that way, and get what you want.

Shelly4 04/19/2010

It is very frustrating when we are expecting something and we dont get it, especially when we really need it.

Depending on what kind of retirement fund it is, you should be entitled to immediately "roll it over" into another personal retirement account, or "cash it out". Please remember that if you choose to cash it out, you will have to pay ordinary income taxes on it and a large fine for cashing it in before retirement. Talk to someone who has financial experience about it as the fine can be as much as 25 percent.....

You may also consider directly contacting the company representing your fund to ask to have the release of funds expidited...

nobody666 04/20/2010

I have found out that for hardship like housing costs they have to release it within 10 days maybe you could qualify and like Shelly said get the company directly to release it. just an idea =)

deleted_user 04/20/2010

Shelly has the more reasoned . . . and probably the best advice. But my advice may be more satisfying.

File a claim in small claims court with whoever is responsible for not processing or delaying your $$. Pay the extra $50 or so to have the summons delivered by a sherrif in person. Then see how fast things start to move.

Of course you will probably alienate most everyone involved, but you will have proven that you are as immature as the best of them and that you're not afraid to take care of #1. But, again, my approach is probably not the best one. It is, however, probably the most fun.

deleted_user 04/20/2010

Isn't that always the way it goes,you need the money badly and because of miscommunication the date has changed from 30 days to 90 days.It's a real shitty situation. Are there companies that will pay you now for a percentage of the money? They used to do it,like tax season here in the states,H&R block pay you instantly for a cut of your money. Good luck and my heart goes out to you.

deleted_user 04/20/2010

Actually companies are legally required to distribute the monies within 30 to 60 days of your departure. They should have given you a form to indicate if you wanted to roll the funds to an IRA or something or if you wanted the funds disbursed. I would not be surprised if that form isn't intentionally overlooked on a regular basis.

I would write a letter to accompany the form indicating that you were not provided the form to file upon your departure, nor were you advised that a form would be necessary to request your monies. As a result you expected to receive the monies in a timely manner and because you didn't you now need to request that they be disbursed immediately because you are encountering financial hardship.

theloveisgone 04/20/2010

Thanks all! Feeling a bit more hopeful today....I need coffee

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