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INSIDE
1. Are Your Pension Benefits Safe?
2. A Special Thank-You to 9/11 First Responders
Simple, Affordable DIY Projects You’ll Love
3. ‘The Triple D Podcast’: Allen Tittle’s Epic Episode!
Honey-Pecan Chicken Breasts
4. Unpaid Pensions Reclaimed: Our Landmark Lawsuit
OUR CLASS-ACTION LAWSUIT RECOVERED PENSION BENEFITS FOR FORGOTTEN EMPLOYEES
Believe it or not, just because you’ve been paying into a pension plan doesn’t mean it will always pay out how you expect it to when it’s time to retire. We recently won a class-action pension benefits case involving our client, whom we’ll call Harold for privacy’s sake. Harold worked for a company in the 1980s and contributed to his pension during his time there. Many of Harold’s coworkers also left this company around the same time or shortly after, thanks to natural attrition. The company later went bankrupt and was bought out. One day, Harold caught up with one of his buddies from his old job, and his friend informed him that he was having problems receiving his pension benefits from the company. Harold had forgotten entirely about his pension plan from the 1980s and realized he hadn’t been receiving any of his benefits, either. So, Harold called the company that had bought his old employer to
ask about his benefits. The company told him they had no record of him ever working for his previous employer. That’s when Harold contacted us, and we immediately got to work. Pension plans are guaranteed forever , even if a company goes under or another buys them out. Or, in this case, both. That money is actually (or should be) set aside in a separate trust, so regardless of whether or not the original employer exists, any employee who paid into their plan should receive their benefits. Through our process of pursuing the claim, we found that there were 30–40 other previous employees who were owed benefits ranging from $10,000 to $100,000 or more. Unfortunately, many of these employees had passed without ever receiving a penny.
either completely forgot about or missed in purchasing Harold’s previous employer. Ultimately, our case forced this new company to pay out the pension benefits to all the employees who fairly accrued them so long ago.
We also found these funds were simply sitting untouched in an account the new company
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