Pension plans can lose track of as many as 30% of vested employees who leave their jobs, according to Aon Hewitt, and that means unclaimed pension money is accumulating rapidly, James Haubrock of the American Institute of Certified Public Accountants told a U.S. Labor Department panel. Workers who don't contact the pension plans can become victims of scams, Haubrock told the department's Advisory Council on Employee Welfare and Pension Benefit Plans. "Because those participants are not receiving statements, they are unable to determine whether unauthorized distributions are made from their accounts," he said.

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