www.HowCanIRetire.net

Where is the pension from the company you worked for 25 years ago?

Where is the company?

Yes, you can get social-security if you worked for it but where is that old pension money?

Social Security might pay let's say about $1,100 a month.

That isn't a lot to live on, is it? No, it isn't.

Going back to the pension... Some companies lose records in a fire or in other cases not keeping them safe during company take over can cause some grief.

Do they contact you or you them?

Well are they supposed to contact you or do you have to go digging around for your own pension from them?

For those who don't claim their pension, the money stays in the plan. It isn't owned by you the same way a stock would be.

There are more than 24 million folks in the USA collecting a pension right now.

Contact your old company and start asking questions about the old pension right away and if you are old enough now you can begin to claim it.

The US government has a company (PBGC) that takes over plans from defaulted companies, and they have found that there are more than 38,000 people who are owed at least $9,000 each as it stands right now.

The old tax returns that you might have saved could pay off well in this situation. It will show where you worked and for how long. It is advisable to keep them even after the three years that have been suggested.

If you haven't saved them, you can order the info from the Social-Security Administration.

Use an SSA Form 7050 to order your old work record with at a small cost depending on how many years you need.

You should have a copy of an SPD from your company stating the deal with your company as far as a pension. Many of us no longer have that paper.

You can also google online and find a lot of free organizations that can help you to find your pension information.

For excellent information about your pension