Wisconsin Organization Helps Workers Find Lost Pensions - 04/26/06

By Jesse Russell

As more baby boomers move into retirement, they are learning that handling their pensions can be a confusing business. In a day and age where companies break up and merge on nearly a week by week basis, the chance for a pension getting lost in the shuffle increases. One Wisconsin nonprofit is working to help retirees find those lost pensions.

[Rendall 1]: We help track down, ‘what happened, where did that plan go’ and the challenge for us through the resources that we have is to find it for them and provide them with a good service.

Christopher Rendall is a pension rights attorney with the Upper Midwest Pension Rights Project. Rendell said in addition to finding lost pensions his organization helps with pension entitlement through divorce and deal with pension overpayments. Rendell explained why the Pension Rights Project is important:

[Rendall 2]: When we find a lost pension we tell someone ‘good news, you live on a fixed income and we just boosted that fixed income by $400 a month or $200 a month’ and they have this smile on their face for the rest of the day or a lot longer.