Read this tip to make your life smarter, better, faster and wiser. LifeTips is the place to go when you need to know about Pension Plans and other Retirement Planning topics.
Sometimes people lose track of their pensions. Let's face it, people change jobs frequently and often they leave one job behind for an opportunity that has better benefits. Often, during the transition, people neglect to keep track of their prior records, pension plans, and other benefits. The Pension Benefit Guaranty Corporation (PBGC) guarantees the benefits for Defined Benefit Plans. If you worked for a company that has gone out of business or if you lost track of your records but had a Defined Benefit Plan, the Pension Benefit Guaranty Corporation may help you find your lost money. If you or your spouse believe that you may have a Pension Plan but aren't sure, contact the PBGC at: 202-326-4000 or visit their website at: http://www.pbgc.gov.