Employment

Enter your question here...I was terminated from my job on Jan 28, 2011. A couple months later I requested my profit sharing be distributed to me( I am 100% vested). I was going to keep my 401 with the company for a while but needed some funds to help with bills. I was told I had to take both according to their rules. So then I requested a partial distribution of the 401k and the balance of my profit sharing to me. I am aware of the rules about taxes, penalties, etc. On April 4th I sent over my distribution papers properly filled out and heard nothing. two weeks later I called and starting getting the run-around. I was told I had to wait until the 3/31/2011 funding was done and then I could get the money. So I waited, and gave them a sufficient time to get that done. When I called again towards the end of April I was told the 12/31/2011 funding had just been completed. So I asked if I could go ahead and get the funds up to that date, and was told there are no partial distributions allowed per IRS rules, and I would have to wait. Since I requested the funds long before they will ever do the 3/31/2011 funding(it seems to take them 3-4 months to do so-I feel I should be sent the money now. They refuse. I think they will try to keep my funds, or devalue them in some way since I only worked 28 days past the end of the year. Is this legal and does the IRS have this rule? I cannot find anything on-line about this matter. Please advise. Thank You.

I was hired as an independent contractor and signed a contract. I worked 2 weeks and then they asked me not to work until further notice because they had some errors and they needed to check them out (they asked everyone - 2 others- not to work also) It has now been a week without any other contact or explanation. I have to give a 30-day notice if I want to quit, and they are not giving me any work at all without any explanation. I signed a contract for the security of pay, and I have since found out that I am really an employee and not an IC (through research of this fiasco). I am wondering if I have any legal rights in this situation.

Is it legal to reduce the salary of a bookkeeper of a small corporation by 10% or 20% if the hours per week is reduced by the same percentage. Gross receipts are down by about 50% and the President and Vice-President have been unable to take any pay for the last year. The company has been losing money for more than a year.

Does employee compensatory time ever expire; i.e. retro 10-15 years back.

I am an executive director of a medium size company and do not have a position description. Our atty says I don't need one. My CEO has given me a performance review without a position description. I am also told that it is easier to terminate an employee who does not have a PD. True?