Pension Benefit Guaranty Corporation (PBGC)

Pension Benefit Guaranty Corporation (PBGC) Welcome to the Pension Benefit Guaranty Corporation (PBGC) page. For the official source of information about PBGC, please visit http://www.pbgc.gov/.
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The Pension Benefit Guaranty Corporation (PBGC) protects the pension benefits of more than 42 million Americans in private-sector pension plans. The agency is directly responsible for paying the benefits of more than 1.5 million people in failed pension plans. A defined benefit plan provides a specified monthly benefit at retirement, often based on a combination of salary and years of service. PBGC was created by the Employee Retirement Income Security Act of 1974 to encourage the continuation and maintenance of private-sector defined benefit 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. For informational purposes only, this PBGC communication may contain links to websites not affiliated with the United States Government. Links to these websites do not constitute an endorsement or approval by PBGC or any of its employees regarding the information, service, product, or provider presented on the website. PBGC cannot attest to the accuracy of information provided by such websites. Please see PBGC’s full disclaimer: http://www.pbgc.gov/about/pg/footer/disclaimer.html

Mission: The Pension Benefit Guaranty Corporation (PBGC) protects the retirement incomes of more than 44 million American workers in more than 27,500 private-sector defined benefit pension plans.

Operating as usual

All PBGC offices will be closed Monday, January 18, 2021, in observance of the Birthday of Martin Luther King, Jr. feder...
01/15/2021

All PBGC offices will be closed Monday, January 18, 2021, in observance of the Birthday of Martin Luther King, Jr. federal holiday. We will reopen on Tuesday, January 19, 2021.

PBGC’s Customer Contact Center phone system is experiencing high call volumes which has resulted in intermittent technic...
01/08/2021

PBGC’s Customer Contact Center phone system is experiencing high call volumes which has resulted in intermittent technical issues. As a result, you may experience longer than normal wait times. We apologize for the inconvenience and thank you for your patience. We will update this message as we work to resolve the issue.

01/04/2021

📢Customer Service Alert: PBGC is experiencing technical issues with its Customer Contact Center phone system. We are working on restoring service as soon as possible. We are also experiencing high call volumes which may result in longer wait times. We apologize for this inconvenience and thank you for your patience.

#NEWS: PBGC Reaches Settlement to Help Protect Troubled Multiemployer Insurance Program pbgc.gov/news/press/releases/pr2...
01/01/2021

#NEWS: PBGC Reaches Settlement to Help Protect Troubled Multiemployer Insurance Program pbgc.gov/news/press/releases/pr21-01…

All PBGC offices are closed January 1, 2021, in observance of the federal holiday. We will reopen on Monday, January 4, ...
12/30/2020

All PBGC offices are closed January 1, 2021, in observance of the federal holiday. We will reopen on Monday, January 4, 2021. Have a safe and Happy New Year!

All PBGC offices will be closed December 24 and 25 in observance of the federal holiday. We will reopen on Monday, Decem...
12/23/2020

All PBGC offices will be closed December 24 and 25 in observance of the federal holiday. We will reopen on Monday, December 28, 2020.

BREAKING: PBGC’s FY 2020 Annual Report shows the #Multiemployer Program remains on path toward insolvency, while the #Si...
12/10/2020

BREAKING: PBGC’s FY 2020 Annual Report shows the #Multiemployer Program remains on path toward insolvency, while the #SingleEmployer Program continues to improve.

Check out the full report here:
https://www.pbgc.gov/news/press/releases/pr20-06

We recently announced that PBGC is taking steps to assume responsibility for the CMG Vending, Inc. Pension Trust Plan. T...
10/02/2020

We recently announced that PBGC is taking steps to assume responsibility for the CMG Vending, Inc. Pension Trust Plan. This means PBGC will become the plan’s trustee and pay all earned benefits up to the limits set by law. See our #NoticeToParticipants for more details: https://www.pbgc.gov/workers-retirees/ntp

In observance of #IndependenceDay, our Customer Contact Center will close at 5 p.m. eastern time today, July 2. Addition...
07/02/2020

In observance of #IndependenceDay, our Customer Contact Center will close at 5 p.m. eastern time today, July 2. Additionally, all PBGC offices will be closed on Friday, July 3. We’ll reopen Monday, July 6. #FourthOfJuly

All PBGC offices are closed in observance of #MemorialDay. We’ll reopen Tuesday, May 26.
05/25/2020

All PBGC offices are closed in observance of #MemorialDay. We’ll reopen Tuesday, May 26.

We recently announced that PBGC will assume responsibility for the Robert W. Minners Associates, Ltd. Defined Benefit Pe...
05/08/2020

We recently announced that PBGC will assume responsibility for the Robert W. Minners Associates, Ltd. Defined Benefit Pension Plan and the Retirement Plan and Trust for Employees of Central Counter Company. This means PBGC will become trustee of both plans and pay all earned benefits up to the limits set by law. See our latest #NoticeToParticipants: https://www.pbgc.gov/workers-retirees/ntp

#DidYouKnow customer service representatives are available to assist you Monday – Friday from 8 a.m. – 7 p.m. ET (except...
04/27/2020

#DidYouKnow customer service representatives are available to assist you Monday – Friday from 8 a.m. – 7 p.m. ET (except federal holidays)? Here’s how you can reach us: https://www.pbgc.gov/about/pg/contact/contact

PBGC is thinking about all of the brave men and women on the front lines of the #COVID19 crisis: medical professionals, ...
04/17/2020

PBGC is thinking about all of the brave men and women on the front lines of the #COVID19 crisis: medical professionals, first responders, caregivers, and everyone supporting them. We appreciate their work each and every day and continue to look for ways that we can help. To help support their efforts, the agency donated 560 protective N95 face masks to FEMA Federal Emergency Management Agency this week. Thank you for all that you are doing! #AmericaWorksTogether

All PBGC offices are closed in observance of #PresidentsDay. We’ll reopen Tuesday, February 18.
02/17/2020

All PBGC offices are closed in observance of #PresidentsDay. We’ll reopen Tuesday, February 18.

❗️Important 1099-R Update❗️Great news! Your Form 1099-R will be mailed by January 31, and is available electronically be...
01/28/2020

❗️Important 1099-R Update❗️
Great news! Your Form 1099-R will be mailed by January 31, and is available electronically beginning February 3. For more information, please visit: https://www.pbgc.gov/wr/transactions/irs-1099

#QOTD #QuoteOfTheDay
01/24/2020

#QOTD #QuoteOfTheDay

All PBGC offices are closed in observance of #MLKDay. We’ll reopen Tuesday, January 21.
01/20/2020

All PBGC offices are closed in observance of #MLKDay. We’ll reopen Tuesday, January 21.

The scores are in: Partnership for Public Service named PBGC the 4th best small federal agency to work for (up one spot ...
01/17/2020

The scores are in: Partnership for Public Service named PBGC the 4th best small federal agency to work for (up one spot from last year). This award recognizes PBGC’s TOP 5 ranking and the work of the agency’s commitment and talented staff. #fedBPTW

What is a facilitated merger? See below⬇️ #PBGCism #WOTM
01/15/2020

What is a facilitated merger? See below⬇️
#PBGCism #WOTM

Due to inclement weather in the Washington DC area, the PBGC Customer Contact Center will be closed today, Tuesday, Janu...
01/07/2020

Due to inclement weather in the Washington DC area, the PBGC Customer Contact Center will be closed today, Tuesday, January 7, 2020, beginning at 1 p.m.

‪All PBGC offices are closed in observance of the federal holiday. We’ll reopen Thursday, January 2. Have a safe and Hap...
01/01/2020

‪All PBGC offices are closed in observance of the federal holiday. We’ll reopen Thursday, January 2. Have a safe and Happy New Year!

‪All PBGC offices are closed in observance of the federal holiday. We’ll reopen Thursday, December 26. Have a safe and h...
12/24/2019

‪All PBGC offices are closed in observance of the federal holiday. We’ll reopen Thursday, December 26. Have a safe and happy holiday season. ‬

Pension Benefit Guaranty Corporation (PBGC)'s cover photo
12/19/2019

Pension Benefit Guaranty Corporation (PBGC)'s cover photo

🚨January 2020 Benefit Payments🚨If you receive monthly benefits from us through direct deposit, you may have noticed your...
12/18/2019

🚨January 2020 Benefit Payments🚨
If you receive monthly benefits from us through direct deposit, you may have noticed your payment is deposited early when the first of the month falls on a weekend or federal holiday. January is the exception. For tax purposes, your January 2020 electronic payment will be deposited on Thursday, January 2, 2020. For more details, visit https://www.pbgc.gov/jan-benefit-payments.

Address

1200 K St NW
Washington D.C., DC
20005

General information

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 for monthly retirement benefits, up to a guaranteed maximum, for nearly 801,000 retirees in 4,200 single-employer and multiemployer pension plans that cannot pay promised benefits. 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 1.5 million people. The maximum pension benefit guaranteed by PBGC is set by law and adjusted yearly. For plans ended in 2013, workers who retire at age 65 can receive up to $57,500 a year. The guarantee is lower for those who retire early or when there is a benefit for a survivor. The guarantee is increased for those who retire after age 65.

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