4 Places to Find Pension Money You Have Forgotten
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2. The U.S Administration on Aging Pension Counseling and Information Program
The U.S Administration on Aging Pension Counseling and Information Program offer free legal aid to seniors across thirty US states. The South-Central Rights Project that helped Danny Jo Wright claim his pension are part of this program, too. To find out local counseling projects that are part of this program near to your area, check out this list.
This program is dedicated to handling the administrative appeals process, helping seniors recover ‘lost’ pension plans, and answering any queries you might have about complex pension plans. So far, the program has regained $205 million in pension benefits to those who are owed them, serving more than 52,000 seniors in the process.
3. Pension Rights Center (PRC)
The Pensions Rights Center website is a resource you can use to read pension-related news and find other helpful information. You’ll also be able to sign state petitions in favor of protecting retiree pensions and related topics. Additionally, there is also a list of Grassroots Groups that preserve and expand the rights of retirees. The website contains lots of information that can help to fight your cause, and if there’s something you need to know about your rights, it’ll be there.
4. Pension Benefit Guaranty Corp. (PBGC)
If you’ve found out that the company you used to work for has been sold, closed down or filed for bankruptcy, federal agency Pension Benefit Guaranty Corp. can help you. When one of the previous happen to a company, they are supposed to report it to the PBGC who then add this information to a registry.
In 2016 alone, The PBGC claim that it paid out $5.6 billion in pension plans owed to previous employees. These benefits went to nearly 861,000 individuals whose single-employer plans failed them. According to the website, there are still 38,000 people who haven’t claimed pensions that they are owed. If you want to search for your lost pension, visit the PBGC website as they have a database of everyone is who is owed money. Simply search your name or ex-company to see if you are on their list.
