Gourt > Regional > North America > United States > Government > Agencies > Independent > Pension Benefit Guaranty Corporation
The Pension Benefit Guaranty Corporation (or PBGC) is an independent agency of the United States government created by the Employee Retirement Income Security Act of 1974 (ERISA) to encourage the continuation and maintenance of voluntary private pension plans, provide timely and uninterrupted payment of pension benefits, and keep pension insurance premiums at a minimum. Defined benefit pension plans promise to pay a specified monthly benefit at retirement, commonly based on salary and years on the job.
Money PBGC takes in and pays out
PBGC is not funded by general tax revenues. PBGC collects insurance premiums from employers that sponsor insured pension plans, earns money from investments and receives funds from pension plans it takes over. PBGC pays monthly retirement benefits, up to a guaranteed maximum, to about 518,000 retirees in 3,479 pension plans that ended. Including those who have not yet retired and participants in multiemployer plans receiving financial assistance, PBGC is responsible for the current and future pensions of about 1,061,000 people.
PBGC's two pension insurance programs
The single employer program protects 34.6 million workers and retirees in 29,651 pension plans. The multiemployer program protects 9.8 million workers and retirees in 1,587 pension plans. Multiemployer plans are set up by collectively bargained agreements involving more than one unrelated employer, generally in one industry. More on [ Pension Benefit Guaranty Corporation ]
Compensation and Benefits :: Human Resources
JoeMattes: The Pension Benefit Guaranty Corporation, the government agency that insures pension benefits, just... http://ff.im/-dhkyt
freedom4USA (freedom fighter mom) Wed, 23 Dec 2009 07:46:14 -0000
JoeMattes: The Pension Benefit Guaranty Corporation, the government agency that insures pension benefits, just... http://ff.im/-dhkyt
The Pension Benefit Guaranty Corporation, the government agency that insures pension benefits, just announced it is $22 billion in the hole
JoeMattes (Joe Mattes) Wed, 23 Dec 2009 07:34:10 -0000
The Pension Benefit Guaranty Corporation, the government agency that insures pension benefits, just announced it is $22 billion in the hole
The PBGC or Pension Benefit Guaranty Corporation - kka2g7 #2009faillist http://u.nu/3bk84
stellingtecr (Rachel Waiteoju) Tue, 22 Dec 2009 05:07:13 -0000
The PBGC or Pension Benefit Guaranty Corporation - kka2g7 #2009faillist http://u.nu/3bk84
Pension Benefit Guaranty Corporation (PBGC) - Official site for agency that protects the pensions of workers and retirees in private employers' defined benefit retirement plans. Information on agency programs, updates of current activities, forms, retirement planning guidance, and publications.
Page-Collins Lost Pension Benefits Class Action Settlement - Status information on claims to be paid, under the settlement of a class action lawsuit, to former employees of certain companies that terminated their pension plans between 1976 and 1981.
Meta Description: [ Unclaimed assets from employer sponsored pensions, claim missing money from unclaimed pensions ]
