How to Find a Lost Pension

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Could a little more money brighten your retirement? Maybe you're one of the thousands of people who are entitled to a share of the millions in pension money that's sitting unclaimed.

Maybe you left an employer in your 20s or 30s and forgot you left behind a pension. Or maybe you worked for a company that went belly up a long time ago and you figure the pension went with it.

To help you locate a lost pension, here are the steps to take along with some free resources that can help you search if your previous employer has gone out of business, changed names or merged with another firm.

Pension Proof
If you think you have a pension from a previous employer, and the company is still in business, your first step is to call their human resources department and ask them to give you the contact information of the pension plan administrator. Then you'll need to contact them to find out how much your pension is worth and how to claim it.

Depending on how complete the plan administrator's records are, you may need to show proof that you once worked for the company and that you are pension eligible.

Your old income tax returns and W-2 forms from the years you worked at the company will help you here. If you haven't saved your old tax returns from these years, you can get a copy of your earnings record from the Social Security

Administration, which will show how much you were paid each calendar year by each employer.

Download the "Request for Social Security Earnings Information" form SSA-7050 or call 800-772-1213 and ask them to mail you a copy. You'll pay a small fee for the report, depending on the number of years of data you request.

Some other old forms that can help you prove eligibility are your Summary Plan Descriptions (SPD) that you should have received from your employer when you worked there, or any individual benefit statements.

Check the PBGC
If you can't find your former employer because it went out of business, or, if the company ended its pension plan, you need to check the Pension Benefit Guaranty Corporation's (PBGC) online pension search directory. Or, you can call 800-400-7242 and get help over the phone.

The PBGC is a federal agency that guarantees pensions of bankrupt companies. The agency also maintains information on any pension plan that has been terminated, even if the company is still in business.

The PBGC, however, does not cover or have information on lost pensions that are still active, nor will they help you locate lost 401(k) plans.

Get Help
The best resource to help you track down a lost active pension from a company that has moved or merged with another firm is the U.S. Administration on Aging Pension Counseling and Information Program. This free program encompasses seven pension assistance programs around the country that serve workers in 30 states. To get the contact information of these counseling programs and the states they serve, visit the Pension Rights Center website.

The pension assistance program that serves Oklahoma is the South Central Pension Rights Project which you can find at southcentralpension.org or call 800-443-2528.

For more information, the PBGC has a free publication called "Finding a Lost Pension" that provides in-depth information that can aid in your search. See pbgc.gov to see it online, or call 800-400-7242 and ask them to mail you a copy.