Unclaimed Pension Fund:

Who are they looking for?

People whom we have not yet been able to contact directly. When a company's pension plan is transferred to PBGC, the company is sometimes unable to locate persons who participated in that plan and is hence unable to give them any benefits they may be owed.

 PBGC is now continuing to look for them through the "Missing Participants" service.

Please note that the person should have participated in a "defined benefit" pension plan in a privately owned company that terminated and then transferred the plan to PBGC. "Defined benefit" pension plans are traditional pension plans which promise to pay a specific monthly amount to participants when they retire. Plans such as profit-sharing or 401(k) plans are not considered defined benefit plans. PBGC does not insure federal pension plans.

What will missing participants get?

A missing participant may receive one of the following:

• An annuity from a private insurance company, purchased by their 
  former company
• Funds deposited in a financial institution, such as a bank by their 
  former company
• Benefits from PBGC (if the former company transferred the missing person's funds to PBGC)
• No benefits, if there were no provisions made for that under their previous pension plan

What if the participant is deceased?

• If you are a beneficiary of the missing participant, you may be eligible 
  to get some benefits.  For more detailed information visit there website

• Unclaimed Pension Money

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