Resources

We offer access to assets to be claimed by the rightful owner from organizations such as: Lost Bank Accounts - Checking, Savings, CDs. Unclaimed Life Insurance Policies Lost Stocks and Other Securities Unclaimed FHA Mortgage Insurance Refunds Unclaimed IRS Tax Refunds Unclaimed Federal Employee Retirement Benefits Undeliverable Treasury Savings Bonds Failed and Credit Union Deposits Private Pension Funds Taken Over by PBGC Unclaimed Accounts from Failed Banks American Indian Trust Royalties Undeliverable State Child Support Payments War Claims for US Nationals Heirs of Holocaust Victims

Private Pension Funds Taken Over by PBGC

Is it possible that you or someone you know may be owed a pension benefit without knowing it? If you worked for a company, for as little as 5 years, in the past that went out of business or ended its defined benefit pension plan, you may still be entitled to pension benefits.

Many private pension plans are federally insured even if the company terminated its plan or filed bankruptcy, it is possible to retrieve these unclaimed pensions. Although the Pension Benefit Guaranty Corporation which was created by the Employee Retirement Income Security Act of 1974 has been successful in reuniting many people with their pensions, many people have not been located yet.

Former employees of certain companies, or their survivors, may be able to claim significant benefits as a result of a class action legal settlement. The benefits are payable under a 1996 settlement with the Pension Benefit Guaranty Corporation (PBGC), involving some 12,000 pension plans nationwide that were terminated between 1976 and 1981.

Workers in those plans who did not receive appropriate benefits are now entitled to them plus interest. Many thousands of missing workers identified thus far have received payments averaging between $10,000 and $12,000 as a result of the settlement with PBGC. However, thousands of employees or their survivors have not yet been paid because they have not been located.