Starting February 25 through April 29, 2017, PBGC's Customer Contact Center will be open on Saturdays from 9 a.m. to 1 p.m. EST to meet high call volume and reduce wait times. The Customer Contact Center can be reached at (800) 400-7242.
During Saturday hours, customer service representatives will be able to perform these services only:
• Contact information change (such as address, telephone, or email)
• Payment destination change (such as start, stop, or change direct deposit)
• Request income verification letter
• Request reprint of 1099-R
• MyPBA password reset
For all other pension benefit related questions and inquiries you may mail your request to PBGC; Office of Benefits Administration; P.O. Box 151750; Alexandria, VA 22315-9923, email firstname.lastname@example.org, or fax us at 202-326-4047. PBGC will respond to your letter, email or fax within 5-10 business days.
Did you know that PBGC paid more than $5.6 billion (that’s “billion” with a “b”) to 840,000 retirees in 2015?
It’s our long-standing mission to pay benefits to retirees on time and accurately. These hard-earned pensions provide the security of lifetime income for retirees all across the country.
To help understand the scale and geographic distribution of those payments, PBGC created a detailed, state-by-state map listing how much we pay in benefits to our participants in terminated single-employer pension plans.
This clickable map lists the total amount and number of people paid in each state, broken down by congressional district. For example, in Pennsylvania in 2015, PBGC paid more than $470 million dollars to over 80,000 retirees. Pennsylvania’s 12th Congressional District, located in southwestern PA, accounted for the largest amount, at over $77,000,000 million dollars paid to over 13,000 retirees.
Approximately 1.4 million current and future retirees in trusteed single-employer pension plans rely on PBGC for their benefits.
Curious to know how your state stacks up? Check out our state-by-state map on PBGC.gov.
The Pension Benefit Guaranty Corporation has issued a request for information (RFI). The RFI requests public feedback on proposed "two-pool" alternative withdrawal liability arrangements.
When an employer partially or completely withdraws from a multiemployer pension plan, the employer may be required to pay withdrawal liability. These payments help cover the employer's share of unfunded benefit obligations that are left in the plan when the employer is gone. If unaddressed, those unfunded benefit obligations could have a negative effect on the plan's funding; that can increase the burden and risk to remaining employers, plan participants, and the multiemployer insurance program.
PBGC has been studying recently proposed arrangements for how plans assess withdrawal liability. Under the law, plans must choose a means to assess withdrawal liability from among options set forth in the law and regulations or ask PBGC for permission to use an alternate method. A number of plans have asked to use a "two pool" alternative method. More...
Since Jan. 1, 2017 falls on a Sunday and Jan. 2, 2017 is an observed Federal holiday, participants will not receive a pension benefit by direct deposit until Jan. 3, 2017. Paper checks, mailed before the first of the month, should arrive by Jan. 10, 2017. If you have not received a check by this date, please call us at 1-800-400-7242 or visit our Contact Us page for other options.
Want to receive future payments more quickly? Direct Deposit is the most secure and fastest way to receive your payment, and your funds are always available on payday. Visit our Payments page for more information, or view the upcoming electronic direct deposit dates. To learn more or sign up for direct deposit, please visit MyPBA or call 1-800-400-7242.
- Did you know you may be eligible to receive a Health Coverage Tax Credit (HCTC) that can pay a portion of your health care premiums? Find out more information and sign up for updates at PBGC's HCTC webpage.
- PBGC's blog Retirement Matters helps keep you up to date on how we're working to serve you, enhance retirement security, and preserve the pension insurance system. Sign up on the Retirement Matters webpage.
Good news! You can now call the IRS's toll free number for assistance on how to claim your Health Coverage Tax Credit. Simply visit the IRS page at Health Coverage Tax Credit or dial the IRS HCTC line at 1-844-853-7210.
HCTC is an IRS tax credit for health insurance premiums that President Obama signed into law in 2015. This legislation extends the HCTC through the end of 2019.
This tax credit may apply to certain individuals who are ages 55-65 and receiving benefits from PBGC.
For 2017, individuals can enroll with IRS to receive advance monthly payments of their tax credit.
With tax season quickly approaching, PBGC strives to provide individuals with current information on how to claim this tax credit.
Please check out the revised FAQs on PBGC's HCTC webpage. If you have questions regarding your PBGC pay status, or need proof of PBGC payee status, we can assist you at 1-800-400-7242.
Many of us have friends or family members who have been targeted by a fraud or a scam, or maybe it has even happened to you personally. These scams are becoming more sophisticated, and being a target can be scary and confusing.
To help you identify and avoid these scams, PBGC posts fraud alerts in cooperation with its Office of Inspector General to spread awareness about current scams and to limit their impact.
The most recent December 9, 2016, fraud alert, Unsolicited Telephone Calls from PBGC Imposters, warns pension recipients and the general public about scams involving people claiming to be PBGC employees who are calling people regarding pensions they may or may not have earned. The scammers were able to "spoof" the caller ID so that the recipient believed the call was coming from PBGC headquarters in Washington DC. More...