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| Re: PensionChat (was Grenfell) (1444018) | |||
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Re: PensionChat (was Grenfell) |
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Posted by AlM on Sat Jun 24 12:03:39 2017, in response to PensionChat (was Grenfell), posted by Charles G on Sat Jun 24 11:50:25 2017. at one point there was a 6 or 7 year period where I had forgotten all about the one that is still in placeThere is a company called Berwyn Group that makes a living because of people like you. :) I have a client with 13K pension participants and there are about 80 they owe money to but can't find. PS. The pension plan has a fiduciary duty to make "reasonable efforts" to find you, but if the reasonable efforts don't succeed, they get to keep the money. And if your plan has any advantageous early retirement features, it is entirely up to you to identify those and take action. I have another client who has no reduction for commencement at 62 for any benefit earned before 1/1/2003, but if you don't realize that you are out of luck - they will only give you back payments from age 65. |
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