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PBGC relaunches Opinion Letter Program to expand compliance assistance
Press Release
WASHINGTON — The Pension Benefit Guaranty Corporation (PBGC) today announced the relaunch of its Opinion Letter Program. This initiative provides meaningful compliance assistance to the public by answering questions about how PBGC would apply the law to specific factual circumstances. “The Opinion Letter Program is a crucial tool in the...
PBGC releases FY 2025 Annual Report
Press Release
Financial condition of insurance programs continues to improve
WASHINGTON — The Pension Benefit Guaranty Corporation (PBGC) today released its Fiscal Year (FY) 2025 Annual Report. The report shows PBGC’s insurance programs are financially sound. “This marks the fifth consecutive year that both the Single-Employer and Multiemployer insurance programs reported positive net financial positions,” said PBGC Director Janet Dhillon...
PBGC’s FY 2024 Projections Report shows improved outlook for insurance programs
Press Release
WASHINGTON — The Pension Benefit Guaranty Corporation (PBGC) today released the agency’s Fiscal Year 2024 Projections Report, which shows an improved financial outlook for both its Multiemployer and Single-Employer pension insurance programs. Together, these programs protect about 30 million workers and retirees in private sector defined benefit pension plans. The...