On September 2, 1974, President Gerald R. Ford signed ERISA into law , which established the Pension Benefit Guaranty Corporation (PBGC).

The maximum pension benefit guaranteed by PBGC is set by law and adjusted yearly. For plans that ended in 2023, workers who retired that year and at age 65 would receive up to $6,750.00 per month …

It was created to protect the pensions of participants and their beneficiaries covered by private sector defined benefit (DB) plans. These pension plans provide a specified monthly benefit at retirement, …

Feb 19, 2025 · The Pension Benefit Guaranty Corporation (PBGC) insures many Americans’ traditional pensions, but it faces financial challenges of its own.

The Pension Benefit Guaranty Corporation (PBGC) was established in 1974 by Title IV of the Employee Retirement Income Security Act (ERISA). Its mission is to protect the pensions of nearly 42 million …

Although the federal government’s Pension Benefit Guaranty Corporation (PBGC) has been providing pension insurance for nearly 30 years, the agency’s financial situation has been particularly volatile …

Special Financial Assistance Program For financially troubled multiemployer pension plans.

Sep 23, 2024 · ERISA was enacted in the wake of the Studebaker auto plant closing in 1963, causing thousands of workers and retirees to lose promised pension benefits. The PBGC is effectively a …

May 17, 2021 · The PBGC was created by Congress with the Employee Retirement Income Security Act (ERISA) of 1974. Before this, private pensions were, for the most part, unprotected.

Oct 15, 2025 · PBGC currently protects the retirement security of about 31 million American workers in private sector pension plans. For more information about PBGC’s insurance programs, visit our How …