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Welcome To PBGC 
PBGC is a federal corporation created by the Employee Retirement Income Security Act of 1974. It currently protects the pensions of more than 44 million American workers and retirees in more than 27,500 private single-employer and multiemployer defined benefit pension plans. PBGC receives no funds from general tax revenues. Operations are financed by insurance premiums set by Congress and paid by sponsors of defined benefit plans, investment income, assets from pension plans trusteed by PBGC, and recoveries from the companies formerly responsible for the plans.
News & Highlights
- PBGC Works to Preserve Pensions, Not Just Replace Them, Gotbaum Tells Senate Panel (December 01, 2010)
- PBGC Hails Continuation of AbitibiBowater Pensions (November 23, 2010)
- PBGC Helped Preserve Pensions for 360,000 in FY 2010 (November 15, 2010)
- Statement of Director Josh Gotbaum on Chemtura Pensions (November 11, 2010)
- PBGC's Deneen Announces Retirement (November 01, 2010)
- PBGC Moves to Protect Pensions at Sea Island Company (October 29, 2010)
- PBGC Negotiates $44 Million Additional Funding for Tomkins Pension Plans (October 28, 2010)
- PBGC Pays Pensions at Denman Tire LLC (October 22, 2010)
- PBGC Announces Maximum Insurance Benefit for 2011 (October 19, 2010)
- PBGC Publishes New Informational Videos for Delphi Hourly and Salaried Plan Participants
