As of … 93-406). 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. Update my company information. 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. PBGC protects the retirement income of about 44 million American workers in about 35,000 private defined benefit pension plans. January is the exception. November 15, 2013 AUD-2014-4 / FA-13-93-3 . As of 2019, the PBGC covers more than 26,000 individual pension plans. The solution: The Pension Benefit Guaranty Corporation (PBGC), which was founded in 1974 and protects retirees if a pension plan becomes insolvent. Contact - Pension Benefit Guaranty Corp. 1200 K St Nw Fl 6 Washington DC 20005. In turn, around 40 million American workers have insurance protection for their pension earnings. The Pension Benefit Guaranty Corporation insures and guarantees private sector workers' pensions. Agency Details Acronym: PBGC. The solution: The Pension Benefit Guaranty Corporation (PBGC), which was founded in 1974 and protects retirees if a pension plan becomes insolvent. A lock ( Pension Benefit Guaranty Corporation PBGC Missing Participant Payments Description: Form used to submit payments for missing participants with the associated admin Package for Fiscal Year 2013 and 2012 / Pension Benefit Guaranty Corp. Pension Benefit Guaranty Corp. Last update: Feb 7. It includes entries, with select metadata for all documents published in the 2021 calendar year. The government-wide average was 344 days. VA offers two broad categories of Pension benefit programs: Veterans Pension: Tax-free monetary benefit payable to low-income wartime Veterans.Learn More. Please enable JavaScript in your web browser; otherwise some parts of this site might not work properly. Subject to other statutory limitations, PBGC's single-employer insurance program pay… Official websites use .gov Benefit payments distributed through direct deposit are typically deposited early when first of the month falls on a weekend or federal holiday. IV. PBGC reported paying no monetary benefits for 4 pre-complaint settlements. PBGC expended a total of $56,980 for 16 complaint investigations, for an average expenditure of $3,561. An official website of the United States government. What is the Pension Benefit Guaranty Corporation (PBGC)? For more information about the pension insurance program, please visit the New to PBGC page. You can also find an unclaimed pension by using the Unclaimed Pension Search. Pension Benefit Guaranty Corporation (PBGC): A Primer Congressional Research Service Summary The Pension Benefit Guaranty Corporation (PBGC) is a government corporation established by the Employee Retirement Income Security Act of 1974 (ERISA; P.L. 1028, as amended, 100 Stat. The Pension Benefit Guaranty Corporation is a government entity that pays pension benefits if the company cannot. He was sworn in as Director on May 15, 2019. 584 were here. Our goal is to provide the highest level of customer support and to protect workers’ and retirees’ hard-earned pension benefits. Benefit Description. He was confirmed by the United States Senate on April 30, 2019 by a vote of 72–27. Do You Have to Vote for the Party You're Registered With? Website: Pension Benefit Guaranty Corporation (PBGC) Contact: Contact the Pension Benefit Guaranty Corporation. Are you looking for other information from PBGC? 237, 29 U.S.C. It was created to Costs. If you recently received a letter telling you that PBGC is now responsible for paying your pension benefit, this page is your gateway to PBGC. Are you an employer or practitioner responsible for the administration of a pension plan? Inauguration of the President of the United States. Share sensitive information only on official, secure websites. Congress created it with the Employee Retirement Income Security Act of 1974. Elections, Presidents, Vice Presidents, and First Ladies, Financial Assistance and Support Services, Disaster Financial Assistance for Workers and Small Business Owners, Disaster Financial Assistance with Food, Housing, and Bills, Financial Assistance Within Designated Natural Disaster Areas, Government Response to Coronavirus, COVID-19, Financial Help for Families and Child Support. Personal life Survivors Pension: Tax-free monetary benefit payable to a low-income, un-remarried surviving spouse and/or unmarried child(ren) of a deceased Veteran with wartime service.Learn More A new report from the Pension Benefit Guaranty Corporation (PBGC) shows that the private union pension crisis is only getting worse, and now Congress is poised to make it worse still. Yet, PBGC faces financial instability that could pose a future threat to this source of protection for Americans' retirement income. Pension Benefit Guaranty Corporation issued the following report, dated December 9, 2020, entitled Fiscal Year 2020 Annual Report. ) or https:// means you’ve safely connected to the .gov website. Beneficiaries / Report Death of a Participant, Qualified Domestic Relations Orders and PBGC, State Life and Health Insurance Guaranty Association Offices, Missing Participants (Standard/Distress Terminations only), Federal Register Notices Open for Comment, ERISA Section 4044 Retirement Assumptions, Reportable Events & Large Unpaid Contributions, Annual Performance & Financial Report 2020, Coronavirus (COVID-19) Information and Resources, PBGC Reaches Settlement to Help Protect Troubled Multiemployer Insurance Program, PBGC Director Hartogensis Welcomes Audit Report on Procurement Practices. 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