Skip to main content

This page has not been translated. Please go to'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: