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This page has not been translated. Please go to PBGC.gov's Spanish home page for more information available in Spanish.

Esta página no ha sido traducida. Por favor vaya a la página principal del sitio de español de PBGC para ver información disponible en español.

PBGC-Initiated Terminations

What is a PBGC-initiated termination?

The law provides that PBGC may terminate a pension plan, even if a company has not filed to terminate a plan on its own initiative, if:

  • the plan has not met the minimum funding requirements;
  • the plan cannot pay current benefits when due;
  • a lump sum payment has been made to a participant who is a substantial owner of the sponsoring company; or
  • the loss to PBGC is expected to increase unreasonably if the plan is not terminated.

PBGC must terminate a plan if assets are unavailable to pay benefits currently due.

Contact info for PBGC-initiated terminations

Mailing address:

Pension Benefit Guaranty Corporation
445 12th Street SW
Washington, DC 20024-2101

Phone: 1-800-736-2444, Ext. 4100, or (202) 229-4242

Last Updated: July 27, 2022