Retirement

Unclaimed pensions?

While they are fast disappearing in the private sector, some Americans have worked for companies that provide(d) a traditional defined benefit pension.  When a worker leaves a company before retirement, it doesn’t always mean the accrued pension is lost. 

If the employee worked for the company long enough to become vested in their pension, they are still entitled to the pension typically starting at age 65. The trouble is many people forget the pension exists as the years go by. 

The Pension Benefit Guarantee Corporation tracks these forgotten pensions so if you think you might have a pension waiting for you (probably a small pension) you might want to check out the PBGC WEBSITE

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Categories: Retirement

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