Skip to main content
U.S. flag

An official website of the United States government

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

Esta página no ha sido traducida. Por favor, haga clic aquí para ir a la página principal del sitio de 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

1200 K Street, N.W., Suite 270

Washington, DC 20005-4026

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

Last Updated: August 17, 2020