Lost Pensions, Lost Pensioners: Is a National Registry of Pension Plans the Answer?
By David P. Blake & John A. Turner
In the United States and other countries, many retirees face great difficulties in tracing their former employers in order to apply for a pension to which they are entitled. At the same time, pension plans have trouble tracking down pensioners with whom they have lost contact. The problem of lost pensions and lost pensioners was also prevalent in the United Kingdom, but in 1991 the British government established a national registry of pension plans financed by a levy on all registered pension plans. The registry is cheap to run (equivalent to $0.20 per member per annum) and has helped thousands of people receive their pension entitlements. This solution should be considered in the US and other countries with similar problems.
Source SSRN
