Pension Benefit Guaranty Corporation. A federal corporation established under ERISA which insures the vested benefits of pension plan participants. PBGC was created in 1974, and is not funded by general tax revenues, but rather through other sources including insurance premiums and investments. The corporation was further modified by the Pension Protection Act of 2006, which among other things changed the way premiums were calculated. PBGC also sets a maximum guaranteed benefit which changes yearly; as of 2009, the maximum benefit they will pay out for someone who retires at age 65 is $4500 a month. This value is altered depending upon age at retirement, and other factors.
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The Pension Benefit Guaranty Corporation (PBGC) protects the retirement incomes of more than 44 million American workers in more than 27500 private- sector ...
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Jan 1, 2007 ... The PBGC currently guarantees payment of basic pension benefits for ... PBGC's liabilities are not explicitly backed by the full faith and credit of ...
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PBGC payouts have a maximum monthly limit. If your expected benefit was above that amount, you're out of luck. In 2010, the monthly max is $4,500.00 for a ...
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- Pension Benefit Guaranty Corporation (PBGC) | SBA.gov
How to contact PBGC, arranged by categories for Worker or Retiree, Practitioner, Media, Contractor or Vendor, Applicant for a job, Legal inquiry, and Webmaster ...