September 14, 2007, Newsletter Issue #63: Is Your Pension Plan Looking for You?

Tip of the Week

If you have moved and have a Pension Plan with a former employer, you may be surprised to learn that your former employer has tried to get in touch with you. Using the IRS' program called, “The Letter Forwarding Unit”, your former employer will submit a letter through the program and the IRS will try to locate your address and contact you with your information. Due to privacy laws, your former employer will not be notified as to your new address or whether or not the IRS successfully locates you. If the IRS cannot find you, they will destroy the letter. The Letter Forwarding Unit is a vital tool used by employers who are looking for past employees.

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