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A Woman Poised To Receive A Million Dollars After Her Ex-Boyfriend From 40 Years Ago Failed To Update Her Status As A Pension Beneficiary
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A Woman Poised To Receive A Million Dollars After Her Ex-Boyfriend From 40 Years Ago Failed To Update Her Status As A Pension Beneficiary

In 1987, Jeffery Rolison completed a handwritten form naming Margaret Sjostedt as the sole beneficiary of his retirement account.

Nearly 40 years after their breakup, Margaret is set to inherit Jeffery’s $1 million retirement account because Rolison never revised the beneficiary designation.

When Jeffery passed away in 2015, she was still listed as the beneficiary.

Court documents reveal that Jeffery, who met Margaret—now known as Peggy—in a park, began dating her in their early 20s. They later moved to Sullivan County, Pennsylvania, as reported by the Wall Street Journal.

In 1987, Jeffery enrolled in P&G’s profit-sharing and savings plans and designated Margaret as his beneficiary.

Two years later, Peggy moved out following their breakup, married the next year, and had two children.

Jeffery subsequently entered a new relationship with Mary Lou Murray, with whom he lived until their separation in 2014. Jeffery died at 59 without a spouse or children, and a court has ruled that Mary Lou Murray was not entitled to the funds, his $66,000 home, a collection of used BMWs, or his two cats.

After Jeffery’s death, his brothers discovered Margaret’s claim to the retirement funds.

His brothers are contesting the claim in federal court against P&G, trying to prevent Margaret, now known as Margaret Losinger, from receiving the money. His brother Brian, a mechanic, told WSJ, “We were shocked.”


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