JPMorgan Chase Withholds Widow's Pension Over Missing Documents
Originally Published 1 year ago — by New York Post
JPMorgan Chase has denied a $331 monthly pension to Elaine Silverberg, the widow of a former employee, citing a lack of necessary documentation due to her late husband's failure to fill out required forms before his death in 1988. Despite the Retirement Equity Act of 1984, which ensures spousal benefits, JPMorgan argues that Mel Silverberg's departure from the bank predated the law, and thus Elaine is not entitled to the pension. Elaine has been fighting the bank for over 13 years, enlisting political support, but JPMorgan maintains its stance, claiming adherence to pension plan terms.