Today is your day Boomer! Hey Boomers, we collect a whole lot of money from pensions....public and private. For example, I have my teachers pension, plus CPP and OAS. But...have you accessed all of yours? I mean, maybe some smaller ones from years gone by that you have forgotten about? According to cbc.ca, "National Institute on Ageing says 200K Ontarians have up to $3.6 billion in unclaimed pension funds." What? This is just one province....3.6 billion. Imagine what the number is for all 10 provinces and 3 territories!? So why is there all this unclaimed pension money? One pension plan administrator says "We have, in my view today in the private sector, a system in Canada that is very fragmented, where you have a lot of mini-pensions with different employers. And a lot of the onus on the individual." And many of these seniors are in their 90's and 100's and don't realize they are eligible for these payouts...or just don't remember from various jobs in their youth. Some payouts are around $500 per month! That would help any Boomer/senior. By the way, pension plans do try to contact people who have unclaimed pension funds, but it's not always easy to do so. Privacy issues are a concern and addresses have changed. The onus is on you to remember back...and contact your old employers with this question: "I worked for you many years ago; am I eligible for a pension from you?" Boomers: give it a go!!

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