PENSION BENEFIT GUARANTY CORPORATION (PBGC)
01.Core Concepts
• Guarantees Pension Benefits • Defined Benefit Pension Plans • Cash Balance Pension Plans • Does not cover defined contribution plans, or plans of professional service corporations with 25 or fewer participants • For single-employer plans, plan sponsor pays premiums of: • $106 (2025) per plan participant, and • $52 (2025) per $1,000 of plan underfunding • Maximum annual PBGC benefit at age 65 is $89,181.84 (or $7,431.82 per month) for 2025