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The maximum monthly guarantee for the multiemployer program is far lower and more complicated ($12,870 a year for a participant with 30 years of credited service). [5] In fiscal year 2022, PBGC added 32 more failed single-employer plans. PBGC's inventory was 5,110 plans, and paid $7.042 billion in benefits to 963,097 retirees in those plans.
[17] [18] As a result, the Government Accountability Office (GAO) removed PBGC from its High-Risk List for the first time since 2003. [19] On July 13, 2022, the Partnership for Public Service rated PBGC number one in "2021 Best Places to Work in the Federal Government" among small agencies. Hartogensis accepted the award on behalf of PBGC. [20]
It enables users to log in to services from numerous government agencies using the same username and password. Login.gov was jointly developed by 18F and the US Digital Service. [1] The initiative was announced in a blog post in May 2016 [2] and the new system was launched in April 2017 [3] as a replacement for Connect.Gov. [4]
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The Pension Benefit Guaranty Corporation (PBGC) is a federal corporation created under the Employee Retirement Income Security Act of 1974. It currently guarantees payment of basic pension benefits earned by 44 million American workers and retirees participating in over 29,000 private-sector defined benefit pension plans.
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Logo of the United States Pension Benefit Guaranty Corporation, an independent government agency. Source: Extracted from PDF version of Finding a Lost Pension publication (direct PDF URL ). Author: U.S. Government: Permission (Reusing this file) Public domain, but other restrictions apply.