The Pension Benefit Guaranty Corporation would like to reunite $280 million in unclaimed pensions with their "missing" owners in 2014.

The agency, which insures pension plans, said that there are more than 31,000 people who haven't claimed pension benefits they are owed. Those individual benefits range from 12 cents to nearly $1 million.

Six states account for the bulk of the unclaimed pension assets. New York had the highest number of missing participants at 6,678, with $40.33 million that remains unclaimed. Illinois has 4,344 missing plan participants who are owed a whopping $85.36 million.

Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.

Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.