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Pastimes : Legal proceedings via SI
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To: BrightFuture who wrote (161)12/16/1998 9:49:00 PM
From: Estimated Prophet   of 242
 
Re: your money held hostage before it is invested.

I must say that I agree with your sentiment and I would like to see any explanation of its propriety. The same thing happens with my 401(k) money and it seems to me to be a violation of fiduciary duty of the employer in its position of trust while in posssession of your money. But I really don't know what the rules are and it may well be governed by a written agreement that you have signed at the time you joined the program.
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