According to the U.S.
Government accountability office, more than 25 million workers who left an
employer between 2004 and 2013 left at least one retirement account behind. And
the Pension Action Center, estimates that retirees are owed upward of $150
billion in missing pension benefits.
The Retirement Savings Lost and Found Act
of 2018 would create an online plan registry to help workers locate all of
their employer-sponsored retirement accounts. But it also lays out steps that
employers must take to track down missing participants, and those steps are
minimal, critics say, compared with search requirements outlined in current
regulatory guidance.
For help tracking down a plan, go to pensionhelp.org to
find pension counseling projects funded by the U.S. Administration on Aging.
No
matter who is in charge of your plan, don't assume anyone will contact you when
it's time to claim benefits.
Today more than ever it’s on the worker to keep
track of accounts and keep contact information current. If you have questions
call for an appointment at 320-679-5183 or go to yoursafemoneyshow.com.
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