Steve Daines

Finding solutions to recover lost pensions

Finding solutions to recover lost pensions

An excellent investigation published by WGBH News in Boston last month highlights the problem of "lost" pensions.

As reporters Liam Knox and Lucas Smolcic-Larson explained, there are $156 billion in unclaimed defined-benefit pensions in the United States. One reason these benefits go unclaimed is that corporate buyouts and restructurings make it hard to for beneficiaries to track down and claim what has been promised to them. And current regulations are inadequate in ensuring a transparent process for making such claims.

The article features the incredible example of Deborah Imondi, now 66, who managed a large corporate pension fund for 25 years until she left in...