PBGC has been working with Sears for several years to improve the funding of the company’s two defined benefit pension plans.
The strategic plan outlines the actions PBGC will take to realize its goals, the approach for addressing challenges and risks, and end-results that PBGC will strive to accomplish by FY 2022.
PBGC's Projections Report illustrates the future financial condition of PBGC's separate insurance programs for Multiemployer and Single-Employer Pension Plans
Across the country, there are more than 38,000 people who haven't claimed pension benefits they are owed. Those unclaimed pensions equal a total of over $300 million dollars, with individual benefits ranging from twelve cents to almost a million dollars
The Pension Benefit Guaranty Corporation’s mission is to protect the pension benefits of American workers and retirees in private sector pension plans.
WASHINGTON - The Pension Benefit Guaranty Corporation announced the appointment of David Foley as Chief of Benefits Administration, where he will lead efforts to advance PBGC’s commitment to pay accurate and timely benefits to retirees and beneficiaries.
WASHINGTON - The Pension Benefit Guaranty Corporation is issuing rules to implement its authority to facilitate mergers of multiemployer pension plans.