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|Congress Gets Closer to Addressing the Issue of Lost Retirement Plans|
Pension Rights Center
July 19, 2021
"[T]he Retirement Savings Lost and Found Act (S 1730) ... would establish an online pension registry inside a new Office of Lost and Found housed in the [PBGC].... [and] would require plans which force out small accounts of $1,000 or less to send the account balance to [that Office] if they cannot locate the participant.... These lost plan provisions have also been included in the Securing a Strong Retirement Act of 2021 (HR 2954) ... and in the Retirement Security and Savings Act (S 1770)[.]"
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