- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
Can I be forced to invest in a retirement plan?
Posted on 6/25/13 at 6:30 pm
Posted on 6/25/13 at 6:30 pm
Today, my part time employer said my next paycheck would include a deduction to the PERS organization. No reasons, no explanation, no anything. Can they do this?
I have a Roth IRA and invest in this. This is all I want. Can my employer force this on me?
I have a Roth IRA and invest in this. This is all I want. Can my employer force this on me?
6
Posted on 6/25/13 at 6:33 pm to rpg37
What does your Employment Contract say?
Posted on 6/25/13 at 6:35 pm to gizmoflak
quote:
What does your Employment Contract say?
It has nothing regarding this language. My main job is teaching, I do this (Aquatics Management) as my part time and am paid by the county. My contract suggests I am not obligated to be in this program at all.
Posted on 6/25/13 at 6:41 pm to rpg37
Sure, it's called social security.
Posted on 6/25/13 at 6:49 pm to Chris Farley
I am not talking about SS. That already comes out of the check.
Posted on 6/25/13 at 7:31 pm to rpg37
Did your hours go up since its the summer?
That might have automatically required your entry into it.
Just a thought I had. Is it a good plan?
That might have automatically required your entry into it.
Just a thought I had. Is it a good plan?
Posted on 6/25/13 at 7:44 pm to rpg37
i've never heard of anyone being forced to invest in a workplace 401k plan. it's generally a benefit of the company, not a requirement of employment.
Posted on 6/25/13 at 8:00 pm to eng08
quote:
Did your hours go up since its the summer?
I am strictly part-time - 20 hours a week.
quote:
Is it a good plan?
PERS is known as a top plan for Mississippi employees. But, since there is no employee contribution, it is useless to me since I have a ROTH IRA and already have a financial advisor.
Posted on 6/25/13 at 8:14 pm to rpg37
This is America God Dam It, you can be forced to buy anything the government wants you to buy. 
Posted on 6/25/13 at 8:14 pm to rpg37
If you don't have to contribute to it but are enrolled automatically what's the issue here?
Posted on 6/25/13 at 8:28 pm to rpg37
Will you be able to get benefits from it? Why complain if you are?
Posted on 6/25/13 at 10:14 pm to GenesChin
I thought employees of the state of Mississippi had a mandatory 9.25% (?) contribution to the state pension fund. And the state contributes 14.5% (?).
Anyone here a state employee?
Anyone here a state employee?
Posted on 6/25/13 at 10:47 pm to HamSandwich
I don't understand. If this is required, why was this not done last year when I started working there? Is there a required, set amount I have to contribute?
Posted on 6/26/13 at 4:48 am to rpg37
If you have to contribute to it, is it before tax? If so and they are matching, why not take it? It's free money.
Posted on 6/26/13 at 9:04 am to rpg37
When I worked a state job years ago we didn't pay SS but we were forced to pay into a 403(b) administered by TIAA-CREF.
Posted on 6/26/13 at 10:20 am to rpg37
quote:
I don't understand. If this is required, why was this not done last year when I started working there? Is there a required, set amount I have to contribute?
Since PERS is a defines benefit plan, I suspect that your contribution is up to your employer.
Did something change with respect to your employment status with the county? Were you a contract employee when you started?
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News