Judy Shapiro, 74, rediscovered a forgotten retirement savings plan she contributed to in her 20s while working in television. Initially uninterested in monetary success, she found a retirement fund worth over $100,000 after nearly 40 years. This has translated into an additional $650 monthly income. Many Canadians similarly overlook retirement funds; a report reveals that about 200,000 pension plan members are considered missing, holding unclaimed funds totaling $3.6 billion in Ontario alone, highlighting a widespread issue with tracking retirement savings.
"I just about fell off my chair, actually. I couldn't believe it," she said.
A December 2024 report by the National Institute on Ageing found that nearly 200,000 people with registered pension plans are considered missing in Ontario alone.
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