Recoveries by the Pension Action Center top $40 million
This month, the New England Pension Assistance Project, part of the Pension Action Center at the University of Massachusetts Boston, celebrates a significant milestone: $40 million in recovered pension income since opening its doors in 1994. Hundreds of retirees in New England have more money to live on today as a result of the Center’s work.
“Pensions enable individuals to remain financially secure in retirement, helping them stay out of poverty,” said Ellen Bruce, director of the Center. “Unfortunately, complex pension laws and corporate red tape sometimes make it difficult for people actually to receive the pensions they have earned. The New England Pension Assistance Project is here to ensure that workers and retirees receive what they have earned.”
Assistance from the New England Pension Assistance Project is available free of charge to current residents of any of the New England states, and to people whose pension plans or former employers are based in one of these states: Maine, New Hampshire, Vermont, Massachusetts, Rhode Island, and Connecticut. The Project handles a variety of issues relating to retirement income benefits, including eligibility and vesting, problems with 401(k) or other retirement savings plans, survivor benefits, and problems in finding pensions that have become lost due to corporate changes and bankruptcies.
Funded by the U.S. Administration on Aging, the New England Pension Assistance Project is part of AoA’s Pension Counseling and Information Program that currently serves 29 states. The Project is operated by the Pension Action Center at the Gerontology Institute of the McCormack Graduate School of Policy and Global Studies at the University of Massachusetts Boston. For more information, visit http://www.pensionaction.org or call (617)287-7307 or (888)425-6067.