Find Help When Your Retirement Income Seems Lost
Source: AARP.org
You have all documents that say you are entitled to a pension benefit, but you left the company 23 years ago and have no idea whether it is still in business and where your pension is. What do you do?
Answer: Call the New England Pension Assistance Project (888-425-6067).
A recent client, Mr. Fitzgerald, (not his real name) worked for the Container Corporation of America from 1970 until 1986. As he approached his 65th birthday and retirement, Mr. Fitzgerald wanted to find the company and his pension.
Pension counselors at the Project are experienced in finding pensions that are “lost” through corporate mergers, acquisitions and bankruptcies. Within six weeks of his calling, Mr. Fitzgerald’s pension was located.
Mr. Fitzgerald’s situation is typical of the problems that individuals can encounter when they go to apply for their retirement income benefits. Companies change their names, merge or go bankrupt. They terminate, freeze and under-fund pensions. In some instances companies deny that employees worked for them, or they miscalculate pension benefits. Death or divorce can add difficulty in securing pension benefits. Solving these problems is the work of the New England Pension Assistance Project.
The New England Pension Assistance Project is one of six pension counseling and information projects funded by the U. S. Administration on Aging. The Project’s goal is to increase low and moderate income workers’ and retirees’ knowledge of and access to retirement income benefits.
Over the past 15 years the Project has helped more than 4900 people and recovered more than $34.6 million in retirement income benefits.
The services are provided free of charge to New Englanders who have questions or problems with their employers’ public or private retirement plans.
If you have a question about your retirement income benefits, call toll free 888-425-6067 or visit the Project’s Web site.
Related Articles:
Other Resources:
preview