Checking Into Your Retirement Check

Did you work some place twenty years ago that is no longer in business? What about an old pension fund that was in financial trouble? Don’t give up. The Pension Benefit Guaranty Corporation (PBGC monitors and sometimes takes over private sector-defined benefit plans. These are traditional pensions that promise a specified monthly benefit at retirement. The PBGC operates a Pension Search Directory to find people who are owed pensions from the plans PBGC now controls. You can search by name, company worked for, or by state where the company is/was headquartered. In the last eighteen months, the directory found 1,400 people owed more that $4 million with the average benefit being $4,100. There is still $13 million just waiting to be claimed. For more information, contact Pension Benefit Guaranty Corporation, Pension Search Program, 1200 K St., NW, Washington, DC 20005; 800-326-LOST; {www.pbgc.gov}.

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