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PBGC Blog: Retirement Matters

As more of our customers seek online service, we continue to look for ways to make our website easier to navigate. The following tools will help you reach your online destination quickly and easily:

  • A-Z index: Similar to the index in the back of a book, this feature lists the name of every page and our most popular documents. If you're not sure where you found that page you were reading last week, here's where you can track it down.
  • Search: This improved page links you to our most popular pages, such as the unclaimed pension search page. You can also use the search bar at the top of every page to search the entire site. Need help getting started? Visit our Search Help page for tips.
  • Glossary: We aim to write in plain language, but in the complicated world of pension benefits, sometimes a technical term is needed. For that reason, we've included a glossary of technical terms.

Links to these and other key features, such as FAQs, Spanish content, and contact information, are located at the top of every page.

But wait, there's more! We also have tools to help you determine if you're in the right place, and if not, where else to look.

Our New to PBGC page explains what we do. Our Finding a Lost Pension page helps track down a pension from your past, and our External Resources page provides channels for further pension information.

We hope you'll have a look around, see some things of interest, and maybe even tell your friends. Happy surfing!

Photo: Alice Maroni

Earlier this month, Labor Secretary Thomas Perez visited PBGC to praise the agency for its good works and to acknowledge PBGC's 40th anniversary. At the same time, the agency officially ushered in a new era of leadership.

Alice Maroni was introduced as the Acting Director. Maroni is no stranger to the agency, serving as Chief Management Officer for the past three years. During his talk, Perez praised Maroni with a vote of confidence, saying the agency will be well-served by her leadership. "You are in very good hands with Alice." he said. "And we have all the confidence in the world, as I suspect you do as well, in her many talents."

Those talents were honed by a distinguished career in public service. Maroni spent a decade at the Smithsonian as Chief Financial Officer, before coming to PBGC in May 2011. Prior to that, she held leadership and management positions at the Department of Defense and on Capitol Hill.

"If you know me, then you know that I am committed to the mission of PBGC," Maroni said in her first agency wide address as Acting Director.


PBGC and Open Government

  |   September 15, 2014

We'd like to highlight some recent updates to PBGC's Open Government webpage. The page includes important PBGC data sets, underlying data that supports PBGC programs. Additionally, the page provides information about how the American public can provide input to help make PBGC's work and performance even better and more engaging.

In accordance with the President's Open Government Initiative, PBGC has posted an updated version of its Open Government Plan [PDF], version 3.0. Our Plan reflects input from senior policy, legal, and technology leadership in PBGC, as well as our customers and visitors.

We've posted two new data sets: Multiemployer Pension Plan Terminations, Mergers, and Insolvencies and Summary of Changes; both are updated annually. These data sets present machine accessible downloadable information that was previously unavailable online.

These data sets can be used to increase agency accountability, improve public knowledge of the agency and its operations, create economic opportunity and further the agency's mission.

PBGC welcomes stakeholder input on these data sets and other ways PBGC can promote the values of transparency, participation and collaboration in government.

To help us do a better job of serving you, please consider the following:

  • What PBGC data or content should we make more readily available?
  • Which PBGC online service or data would you like to be easier to use?
  • Which PBGC service would you like to use on your mobile device?

Please direct feedback to

This entry is part of a series of blog posts that looks back and commemorates the agency's work.

PBGC 40th Anniversary Logo

The big blows are landed

The fight to save pensions intensified, as financial crisis led to broken promises and end-runs on pension security. Iconic companies moved to end pension security and the number of people served by PBGC continued to rise.

We started the decade with annual benefit payments to participants surpassing the $1 billion mark for the first time.

As 2001 started, PBGC took over two Trans World Airlines' pension plans. These plans covered 36,500 former workers and retirees and were underfunded by about $700 million. By the end of the year annual benefit payments by PBGC to participants surpassed the $1 billion mark for the first time.

TWA was merely the first big blow of many that decade.


This entry is part of a series of blog posts that looks back and commemorates the agency's work.

Early Program Warning cartoon. A tailor with PBGC on his shirt tells his customer 'A nip here... a tuck there.. and we'll be all set!' His customer has a suit jacket with 'Early Warning Program' written on it.

The Landscapes Shift

The intensity of our work began to widen and deepen, calling upon us to use our creative, financial and legal skills to find new ways to alleviate a sudden rash of pension jettisoning. At the same time, we significantly improved protection for people with traditional pensions, and we expanded and strengthened our customer service platform.

The decade started with a pleasant, familiar result: The U.S. Supreme Court issues an 8-1 decision in the LTV case affirming PBGC's broad authority to address abuses of the federal pension insurance system.

It helped fortify us for a decade of determined destinations that improved our service and fortitude.

For example, as 1990 ended we established the "Early Warning Program" to work with plan sponsors to reduce risk and prevent losses to plan participants and the insurance program as a consequence of corporate transactions. That program paid off in May 1994 when we negotiated a $10 billion pension contribution from General Motors — the largest single contribution ever made to a PBGC-insured pension plan.

The next year, 1995, the John F. Kennedy School of Government and Ford Foundation presented us with the Innovations in Government Award for that Early Warning Program. This award recognizes innovative government solutions in response to social or economic problems.

It was not the only new, important idea we implemented and that succeeded.


This entry is part of a series of blog posts that looks back and commemorates the agency's work.

PBGC 40th Anniversary Logo

Setting the foundation

What a way to start a decade: Standing in front of the Supreme Court. Yet that is how we began the 1980s, seven days into the year, arguing — and winning — a major decision that upheld the constitutionality of employer liability.

We won a big decision in a battle that was part of a wider, tougher war — and a war where those seeking pensions were losing ground. It was the decade when pension plans sharply turned to become programs at risk.

The decade started with 35.9 million private-sector workers (46 percent of all private-sector workers) being covered by a pension plan. As of Sept. 30, 1980, we were responsible for about 50,000 people.

That decade saw our assets grow along with our responsibilities. We went from being responsible for about 50,000 people to more than 250,000 people. Our assets exceeded $1 billion for the first time.

And the firsts continued.