Table S-32 PBGC Maximum Guaranteed Benefits (1988-2003) Single-Employer Program
Year of Plan Termination |
Maximum Monthly
Guarantee |
Maximum Annual
Guarantee |
1988 |
$1,909.09
|
$22,909.08
|
1989 |
2,028.41
|
24,340.92
|
1990 |
2,164.77
|
25,977.24
|
1991 |
2,250.00
|
27,000.00
|
1992 |
2,352.27
|
28,227.24
|
1993 |
2,437.50
|
29,250.00
|
1994 |
2,556.82
|
30,681.84
|
1995 |
2,573.86
|
30,886.32
|
1996 |
2,642.05
|
31,704.60
|
1997 |
2,761.36
|
33,136.32
|
1998 |
2,880.68
|
34,568.16
|
1999 |
3,051.14
|
36,613.68
|
2000 |
3,221.59
|
38,659.08
|
2001 |
3,392.05
|
40,704.60
|
2003 |
3,579.55
|
42,954.60
|
2003 |
3,664.77
|
43,977.24
|
The Employee Retirement Income Security Act of 1974 (ERISA) mandates that the
maximum guaranteed amount be adjusted annually based on changes in the Social
Security contribution and benefit base.