Pension Benefit Guaranty Corp
The Pension Benefit Guaranty Corporation (PBGC) is a U.S. government agency that protects the retirement security of over 31 million Americans in single-employer and multiemployer pension plans. Their mission is to provide the highest level of customer support and safeguard the hard-earned pension benefits of workers and retirees. PBGC operates various programs and initiatives to ensure the financial stability of pension plans and offers assistance to financially troubled plans through their Special Financial Assistance Program.
With a commitment dating back to 1974, PBGC has been dedicated to protecting the pension benefits of workers and retirees, along with their families. They work closely with employers, practitioners, and plan sponsors to administer pension plans effectively. PBGC's annual reports demonstrate the positive net positions of their insurance programs, highlighting their ongoing efforts to strengthen the financial positions of pension plans and ensure the long-term security of retirement benefits.
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