Pension Funds

We must demand, and hope, that our Congress remain vigilant against corporate raids on employee pension funds (editorial, Oct. 17). Employees do not always get an accounting of funds, as required by law, until the money has been “allocated” to other accounts by the corporations.

The beer wholesaler where I worked for 16 years as public relations director eliminated my position seven months ago. I still do not have any of the $87,000 from my corporate profit- sharing fund. The federal law allows for immediate disbursement of one-half the amount owed to an employee. However, corporate policy is to wait for at least one year from the date of termination.

In the meantime, my family is on welfare, and the bank has threatened foreclosure on our home. I believe that corporate policy should conform to strengthened federal guidelines.

JIM WOOD

Bellflower