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$27 Million In Pension Benefits Still Unclaimed

Wed, 11/01/2000 - 1:00am — Karen Stevenson
Description: 

Since launching its Pension Search Directory on the Internet in December 1996, the Pension Benefit Guaranty Corporation (PBGC) has located some 6,600 people eligible for $21 million in pension benefits. This includes about 4,800 people owed $10 million who were found in the past year. In that period, 6,800 new names were added to the Directory, for a total of 12,000 missing pension plan participants. Altogether, they have $27 million coming from plans that companies terminated before all beneficiaries could be located.

Since launching its Pension Search Directory on the Internet in December 1996, the Pension Benefit Guaranty Corporation (PBGC) has located some 6,600 people eligible for $21 million in pension benefits. This includes about 4,800 people owed $10 million who were found in the past year. In that period, 6,800 new names were added to the Directory, for a total of 12,000 missing pension plan participants. Altogether, they have $27 million coming from plans that companies terminated before all beneficiaries could be located.