Funadvice Logo
Post
More Finance, Jobs & Money Questions

Can a pension be garnished?

Can a pension be garnished? Any people good with money around here who can tell me?

(and no, it doesn’t have to do with food…)

Become an Expert →
Answer #1

I believe it can be. If it happened to you have you talked to the Pension department or accounting? Whoever handle’s the cases.

Answer #2

Yes - Maybe you haven’t paid taxes in years, perhaps you were busy and simply forgot one year, possibly you avoided paying taxes for financial or emotional reasons. Whatever the reason, you are now threatened with an Internal Revenue Service (IRS) wage garnishment. Wage garnishment requires an employer to withhold part of a person’s earning for the purpose of the person to pay off a debt. In addition to the IRS, wage garnishment can also be issued by courts and federal agencies. Wages garnished can include salaries, wages, bonuses and commissions as well as retirement or >> pension earnings.<<

Merry Christmas !!

Answer #3

Short answer - yes it can.

More Like This
Ask an advisor one-on-one!
Advisor

Pension Tracing Service

Financial Services, Retirement Planning, Pension Management

Advisor

Pension Solutions Canada

Pension Services, Retirement Planning, Financial Services

Advisor

Jon Purnell

Wealth Management, Financial Advisor, Pension Services

Advisor

Plan Review

Financial Planning, Retirement Planning, Insurance Services

Advisor

Walsh Group

Financial Services, Mortgage Advisors, Investments