The Pension Benefit Guaranty Corporation (PBGC) provides a safety net for participants in private-sector defined-benefit plans by insuring the participants’ benefits under the plan. Official websites use .gov Congress created it with the Employee Retirement Income Security Act of 1974. January is the exception. Pension Benefit Guaranty Corporation issued the following report, dated December 9, 2020, entitled Fiscal Year 2020 Annual Report. Pension Benefit Guaranty Corporation. / Pension Benefit Guaranty Corp. Pension Benefit Guaranty Corp. Last update: Feb 7. Enter your search query below to search content on PBGC.gov. In turn, around 40 million American workers have insurance protection for their pension earnings. PBGC reported paying no monetary benefits for 4 pre-complaint settlements. PBGC protects the retirement income of about 44 million American workers in about 35,000 private defined benefit pension plans. As of 2019, the PBGC covers more than 26,000 individual pension plans. 1. 96-97 (1978) (PBGC Report). Pension Benefit Guaranty Corporation (PBGC), Contact the Pension Benefit Guaranty Corporation, 1-202-326-4242 (Plan Sponsors, Administrators or Practitioners), 1-800-736-2444 (Plan Sponsors, Administrators or Practitioners), USAGov is the Official Guide to Government Information and Services, Government Agencies and Elected Officials, Indian Tribes and Resources for Native Americans, Commonly Requested U.S. Laws and Regulations, How Laws Are Made and How to Research Them, Personal Legal Issues, Documents, and Family History, Who Can and Can’t Vote in U.S. He was sworn in as Director on May 15, 2019. The Pension Benefit Guaranty Corporation insures and guarantees private sector workers' pensions. Website: Pension Benefit Guaranty Corporation (PBGC) Contact: Contact the Pension Benefit Guaranty Corporation. If so, this is your portal to working with PBGC. Yet, PBGC faces financial instability that could pose a future threat to this source of protection for Americans' retirement income. - The Pension Benefit Guaranty Corporation (PBGC) today announced it has reached a settlement agreement with the Food Employers Labor Relations Association (FELRA), the United Food and Commercial Workers union (UFCW), and the FELRA/UFCW Pen. Find out more about this article. Personal life An eligible Pension Benefit Guaranty Corporation payee; The family member of an eligible TAA, ATAA, or RTAA recipient or PBGC pension payee who is Medicare eligible, deceased, or who finalized a divorce with you. Do You Have to Vote for the Party You're Registered With? This index provides descriptive entries and Federal Register page numbers for documents published by Pension Benefit Guaranty Corporation in the daily Federal Register. Since 1974, we’ve made a commitment to protect the pension benefits of the over 34 million workers and retirees, and their families, we serve. Trial Attorney Edward P. Sullivan of the Criminal Division’s Public Integrity Section and Assistant U.S. Attorney Grace L. Hill of the Eastern District of Virginia are prosecuting the case. The Pension Benefit Guaranty Corporation (PBGC) has approved the merger of two multiemployer pension plans in a move to protect the retirement of approximately 50,000 Washington, D.C.-area grocery and warehouse workers and limit the financial burden on the agency’s multiemployer pension insurance program. You can also find an unclaimed pension by using the Unclaimed Pension Search. Duties Summary This position is located in the Pension Benefit Guaranty Corporation's (PBGC) Office of General Counsel, General Law and Operations Department, General Law and Ethics Division. 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