Ontario pension plans sitting on unclaimed $3 billion owed to people they cannot locate

calfunnymoney03Tens of thousands of people in Ontario who are entitled to more than $3 billion in combined pension benefits aren’t collecting them because pension plan administrators can’t locate them. “We are observing that many individuals do not stay connected to their pension benefits as they move through different roles in their working lifetime,” Blouin said. “Although various government offices may have your current address, that information has no way of getting to the pension plan administrator as these plans are not operated by the government,” said Blouin. “We require pension plans to take additional steps to try to track down missing members,” Blouin said. There is not a similar portal to track down pension savings.