Find an Old Pension
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You may have some money in an old pension that you have forgotten about. It could be a pension from a company that has since closed its doors. So how do you go about finding an old pension - well the first place to look is the Pension Benefit Guaranty Corporation (PBGC) a government organizations that protects the retirement income from private sector defined benefit programs (pensions).
To search and see if their is an old pension in your name go their their
missing pension participant search page.
If you are in their list of missing participants you may receive one of the following:
- An annuity from a private insurance company, purchased by their former company
- Funds deposited in a financial institution, such as a bank by their former company
- Benefits from PBGC (if the former company transferred the missing person's funds to PBGC)
- No benefits, if there were no provisions made for that under their previous pension plan
It can't hurt to take a quick minute and check. And you might get a very nice surprise to help your retirement.
Brought to you by http://seniormoney.blogspot.com
posted by Charles Kirkendall @ 9:16 AM
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1 Comments:
I like to thank you so much for the information on finding old pention. My dad has worked all his adult life as a construction worker. He paid into his pention for over 20 years and now he's having trouble on finding out where it is. He's gone to attornies and no one will help him. I hope that the information I found on your site helps.
ps. blessings to you and yours
gigi w/ www.dreampursuit.blogspot.com
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