Table S-49 PBGC Maximum Guaranteed Benefits (1988-2004) 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 |
| 2004 |
3,698.86 |
44,386.32 |
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.
The maximum guarantee applies to workers who retire at age 65. PBGC increases
the maximum guarantee for people retiring later than age 65 and reduces it for
retirees taking earlier retirement or electing survivor’s benefits.
In some instances, where a pension plan has adequate resources or PBGC recovers
sufficient amounts, a participant may receive benefits in excess of the maximum
guarantee.
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