Millions of dollars in unclaimed pension money are owed to tens of thousands of Americans, according to the Pension Benefit Guarantee Corporation (PBGC), a federal agency that protects Americans’ retirement savings by taking over private employer pension funds that are at risk or being closed.
The data provided by PBGC, from September 2016, show 24,000 people with a total of $67 million in unclaimed retirement money.
Related: The Government Is Holding Millions in Unclaimed Retirement Money
The individual amounts owed range from a measly $5 to a whopping $395,000. The agency provided the table below showing the top 10 states in terms of unclaimed pension money, each with the missing participant count and total owed. You can read more about unclaimed pensions — and the bigger, $50 billion problem of unclaimed funds — here.
|State||Missing Participant Count||Sum of Amount||Money rank|