You may have unclaimed pension payments!
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The Pension Benefit Guaranty Corporation (PBGC) protects retirement incomes of more than 40 million American workers and hosts a searchable database where you can search for unclaimed pension in your name or that of a beneficiary.The The U.S. Administration on Aging's Pension Counseling and Information Program offers free legal assistance to qualifying individuals that are experiencing problems with their pension, profit sharing, or retirement savings plans. The program can help answer questions about pension laws, obtain and explain retirement plan documents, correct pension miscalculations, claim retirement benefits that have been denied, track down benefits from past employers, and provide referrals to lawyers, actuaries, and other legal pension professionals
| Reasons for Unclaimed Pensions and Retirement Benefits
An employer may have moved from one city or town to another.A company may have closed down a particular plant or office to consolidate operations elsewhere.
A company may be bought out by another company, or merge with another company and be given a new name.
A company may divide into separate parts, none of which retain the old company name
A company may go bankrupt
If this happens to your employers, you are still likely entitled to your Pension and Retirement Benefits!