$133 Million in Unclaimed Pensions at PBGC

Could the Pension Benefit Guaranty Corporation soon turn a profit? Not likely, but PBGC did report recently that it is holding $133 million in unclaimed pension benefits for 32,000 people due money from terminated defined benefit plans.

"Although the vast majority of workers receive their full pension, sometimes people lost track of benefits earned with former employers," said Vince Snowbarger, interim director of PBGC. "The Pension Search directory helps workers find retirement money they are entitled to but cannot locate."

The agency started the director in 1996. Located at www.pbgc.gov/search, it is an interactive tool for people who may have lost track of a pension earned during their career. People can search by last name, company name, or state where the company was headquartered. The highest amount owed to anyone among the 32,000 is $611,028 and the lowest is $1, with the average about $4,950. The states with the most missing pension participants and money to be claimed are: New York, California, New Jersey, Texas, Pennsylvania, Illinois, and Florida.

Download Center

HTML - No Current Item Deck
  • Free Safety Management Software Demo

    IndustrySafe Safety Management Software helps organizations to improve safety by providing a comprehensive toolset of software modules to help businesses identify trouble spots; reduce claims, lost days, OSHA fines; and more.

  • Complete Online Safety Training Courses

    Deliver state-of-the art, online safety training courses to your organization with IndustrySafe Training Management Software. Generate reports to track training compliance and automatically notify learners of upcoming or overdue classes.

  • Easy to Use Safety Inspection App

    Conduct inspections on the go with IndustrySafe’s mobile app. Complete safety audits at job sites and remote locations—with or without web access.

  • Track Key Safety Performance Indicators

    IndustrySafe’s Dashboard Module allows organizations to easily track safety KPIs and metrics. Gain increased visibility into your business’ operations and safety data.

  • Analyze Incident Data and Maintain OSHA Compliance

    Collect relevant incident data, analyze trends, and generate accurate regulatory reports, including OSHA 300, 300A, and 301 logs, through IndustrySafe’s extensive incident reporting and investigation module.

  • Industry Safe
comments powered by Disqus