If a company defaults on its retirement benefit obligations to its members or their dependents, the PBGC assumes liability.

Pension Benefit Guaranty Corporation (PBGC) is a federal agency. It begins with the letter P.

Pension Benefit Guaranty Corporation was created in 1974.

The former Smurfit-Stone pension plan is now managed by the Pension Benefit Guaranty Corporation (PBGC) if the company entered bankruptcy. You can contact PBGC through their website or by phone to inquire about the plan and benefits.

The Pension Benefit Guaranty Corporation's budget for fiscal year 2022 is $501 million, which is allocated for its operations including insurance program administration and personnel costs.