Key Takeaways The Pension Benefit Guaranty Corporation (PBGC) insures many private-sector defined-benefit pension plans, but it does not cover defined-contribution plans such as 401 (k)s.

A business with 25 or fewer employees will avoid fees associated with the Pension Benefit Guaranty Corporation coverages.

The Pension Benefit Guaranty Corporation announced its updated guarantee limits and premium rates for 2024. The maximum guarantee limits— the amount the PBGC will pay participants in the event a ...

The pension fund will receive $28.8 million through a special financial assistance program under the Pension Benefit Guaranty Corporation (PBGC) and the U.S. Department of Labor.

ARPA's Special Financial Assistance Program injects $90 billion of taxpayer funds into the federal government's Pension Benefit Guaranty Corporation, which insures private-sector pensions. Prior ...

In 2016, the PBGC paid out benefits to nearly 840,000 retirees. As of 2017, the PBGC paid out a monthly maximum of $5,369.32 to retirees.

The maximum pension benefit guaranteed by PBGC for single-employer plans is adjusted annually by law. In 2021, eligible single-employer plan participants retiring at age 65 could receive a maximum ...

The amount the agency pays is subject to limits set by law. For 2020, the maximum guaranteed amount is $5,812.50 per month for people who begin getting payments from PBGC at age 65.

The PBGC pays a maximum of $12,870 in benefits to members of insolvent plans, while it guarantees up to $67,295 for the private single-employer plans. The single-employer fund, though, charges ...

The Pension Benefit Guaranty Corp., the federal backstop for pension plans, has approved the merger of two Laborers’ International Union of North America pension funds in New York state, one of ...

In a report issued on Aug. 6, the Pension Benefit Guaranty Corp. said its average projected deficit for its multiemployer program would be $90 billion for fiscal 2028. That compares with a ...