Pbgc pension insurance data book

Aug 23, 2010 according to the pbgcs pension insurance data book 2009, the number of insolvent plans receiving financial assistance on a yearbyyear basis has grown steadily, from the first plan receiving. Pbgc premiums driving growth in annuity pension risk transfers over the last several years, u. December 31, 2008 the pension benefit guaranty corporation pbgc has released the pension insurance data book 2007, which offers information on statistical trends related to defined benefit retirement plans in the private sector. Pbgc issues first installment of 2016 pension insurance data book. The pension protection act and the pbgc by david a. Pension insurance data tables find out about retirement trends in pbgc s data tables. This edition of the pension insurance data book contains one short article that describes the characteristics of pbgc insured plans that completed a standard termination during fiscal year 2007.

Pension benefit guaranty corporation pbgc january 17 at 11. Pension insurance data book 2005 by pension benefit. Pension insurance data pension benefit guaranty corporation. Theres good news and bad news, says the pension benefit guaranty corporation pbgc. Demonstrates how a typical pension plan could be affected by the rapid rise in pension benefit guaranty corporation premiums from 2012 to 2019. The pbgc has published pension insurance data books and tables annually since 1996 to present detailed statistics on pbgc program operations and benefit protections. The pension benefit guaranty corporation pbgc has released the pension insurance data book, 2009, offering information on statistical trends related to defined benefit retirement plans in the private sector.

The tables include statistics on the people and pensions that pbgc protects, including how many. Pbgc issues second installment of 2016 pension insurance. Dec 28, 2007 cch pension and benefits 122807 most pbgc retirees get full earned benefit, study shows. Pbgc releases first installment of 2015 data book on march, 2017, the pension benefit guaranty corporation pbgc released the first installment of the 2015 data book. Pratt this article discusses the status of the pbgc insurance program, focusing on single employer defined benefit plans. The pension benefit guaranty corporation pbgc was established by the employee retirement income security act of 1974 erisa to ensure that participants in defined benefit pension plans receive their pensions if their plans terminate without sufficient assets to pay promised benefits. Pension benefit guaranty corporation, pension insurance data book, 2004, no.

The new edition of the data book also reports that about 14 percent of the singleemployer defined benefit plans insured by pbgc were hardfrozen at the end of the 2005 plan year. Washington the pension benefit guaranty corporation pbgc today released the pension insurance data book 2007, which offers information on statistical trends related to defined benefit retirement plans in the private sector the 2007 data book features an article examining the characteristics of standard terminations, the most common procedure used to end pbgc insured singleemployer. The pension benefit guaranty corporation pbgc has released the first installment of pension insurance data book that cover pension plan data for the year beginning in 2016. Partnership for public service named pbgc the 4th best small federal agency to work for up one spot from last year. Pension insurance data book 2009 pension benefit guaranty. Dec 31, 2008 december 31, 2008 the pension benefit guaranty corporation pbgc has released the pension insurance data book 2007, which offers information on statistical trends related to defined benefit retirement plans in the private sector. Sep 20, 2019 private pension plan bulletin abstract of form 5500 annual reports dol statistics on plans, participants, assets, income and expenses based on form 5500 filings. Pbgc issues updated pension insurance data books and tables. Singleemployer program deficit gone by 2022 american. What is the employee plans office and what does it do.

Pbgc pension insurance data book 2005, supplemented with fiscal. Executive director, pension benefit guaranty corporation. Pension benefit guaranty corporation wikipedia republished. This edition of the pension insurance data book contains two short articles. The pension benefit guaranty corporation pbgc was established by the employee retirement income security act of 1974 erisa to ensure that participants in defined. General statistics, surveys, and reports on retirement policy. Pbgcs net financial position, 1980 to 2004 billions of dollars source. Number of payees receiving current or future singleemployer program benefits from pbgc, fiscal year 19852007 payees in millions fiscal year future or deferred payees current payees in year source. The pbgc has published the pension insurance data book annually since 1996 to present detailed statistics on pbgc program operations and benefit protections. The economic effects of the pension benefit guaranty corporation. Nov 24, 2019 an overview of the pension benefit guaranty corporation pbgc. The pension insurance data book 2000 tracks the experience of the pbgcs two insurance programs and the defined benefit pension plans they protect. The pension benefit guaranty corporation pbgc has released the second installment of its pension insurance data book that covers pension plan data for the year beginning in 2016.

The pbgc data tables generally provide researchers, journalists and others interested in the federal pension insurance program easily accessible, detailed statistics. The pension benefit uaranty corporation pbg gc was established by the employee retirement income security act of 1974 erisa to ensure that participants in defined benefit pension plans receive their pensions if their plans terminate without sufficient assets to pay promised benefits. A nonprofit corporation that functions under the jurisdiction of the department of labor and that guarantees the payment of certain pension benefits. Find out about retirement trends in pbgcs data tables. This is one of the many findings of the 2006 edition of the pension insurance data book, an annually updated statistical reference that tracks the experience of the pbgc. September 14, 2019 this spreadsheet contains a list of all singleemployer defined benefit pension plans trusteed by the pbgc since its creation in 1974.

May 31, 2016 the pension benefit guaranty corporation pbgc released its annual stats for the year 2014. A guide to understanding the pension benefit guaranty. Congressional budget office based on pension benefit guaranty corporation,pension insurance data book 2004 spring 2005, pp. Pbgc has published the pension insurance data book annually since 1996 to present detailed statistics on pbgc operations and benefit protection. Pbgc data tables show serious underfunding plansponsor. The pension benefit guaranty corporation pbgc released its annual stats for the year 2014. For the first time, the data book 1998 includes data on the pbgc multiemployer pension insurance program as well as updates of the singleemployer data presented previously. Pbgc databook offers insights on termination plansponsor. The pbgc data tables generally provide researchers, journalists and others interested in the federal pension insurance program easily accessible, detailed statistics for. The american academy of actuaries is a 19,000member professional association whose mission is to serve the public and the u. According to the pbgcs pension insurance data book 2009, the number of insolvent plans receiving financial assistance on a yearbyyear basis has grown steadily, from the first plan receiving. Pension insurance data book 2008 pension rights center. Pbgc has published the pension insurance data book since 1996 to present detailed statistics for the.

Pension benefit guaranty corporation wikimili, the free. In such cases, pbgc does not pay any benefits to plan. The tables include statistics on the people and pensions that pbgc. Beginning with the 2015 data tables, the pbgc is releasing the data in groups, as they become available. The vast majority 84% of retirees who receive benefits from the pbgcs pension insurance program are paid the full benefit amount they earned under their retirement plan. An analysis of benefits received by participants in selected pbgc trusteed plans, published in pbgc s pension insurance. Pension benefit guaranty corporation, 2012 pension insurance data tables, table s39.

Pbgc issues updated pension insurance data books and. The cost of pension insurance boyce 2002 journal of. Nov 21, 2019 pension benefit guaranty corporation pbgc. Pbgc premiums driving growth in annuity pension risk transfers. Most pbgc retirees get full earned benefit, study shows 12.

Pension benefit guaranty corporation pbgc home facebook. Pbgc has published the pension insurance data book annually since 1996 to present detailed statistics on pbgc program operations and benefit protection. An analysis of benefits received by participants in selected pbgctrusteed plans, published in. The 2007 annual report and the pbgcs pension insurance data book 2006 2006 data book are available on the pbgcs website, at. Pbgc releases 2009 data book with focus on growing. Find statistics for pbgcs singleemployer and multiemployer programs and for the private defined benefit pension system, including statebystate information. Pbgc pension insurance data books and fy 2018 annual. This award recognizes pbgcs top 5 ranking and the work of the agencys commitment and talented staff. Pbgc released the pension insurance data book 2007, which contains statistical trends related to defined benefit retirement plans in the private sector. Discussion topics include flaws in the title iv insurance system, questions about whether the pbgc program really constitutes insurance, pbgcs financial status, recent. This edition of the pension insurance data book contains one short article that describes the characteristics of pbgcinsured plans that completed a standard termination during fiscal year 2007.

Congressional budget office based on pension benefit guaranty corporation, pension insurance data book 2004. The pension insurance data book 2005 was developed by the corporate policy and research department under project manager william james and produced by the communications and public affairs department, pension benefit guaranty corporation. Share of participants in pbgcinsured pension plans working in a job covered by their plan percentage of total participants source. Cch pension 090310 pbgc releases 2009 data book with focus on growing multiemployer liability. Washington the pension benefit guaranty corporation pbgc today announced its first approved facilitated merger under the multiemployer pension reform act of 2014 mpra. Pension insurance data book 1998 by pension benefit. Pbgc annual report pbgc statistics on defined benefit plans, including multiemployer plans. Both the current and prior years collection of data tables are available on.

The pension insurance data book 2004 was developed by the corporate policy and research department under project manager william james and produced by the communications and public affairs department, pension benefit guaranty corporation. The pbgc does not cover definedcontribution plans, such as a 401k or 403b. The tables include statistics on the people and pensions that pbgc protects, including how many americans are in. Report on internal controls related to the audit of the pension benefit guaranty corporations fiscal year 2016 and 2015 financial statements. Pension benefit guaranty corporation organizations data. Semiannual report to congress pension benefit guaranty.

The pension benefit guaranty corporation pbgc should strengthen its commitment to encourage plan sponsors to continue to. Pbgc singleemployer program pension benefit guaranty corporation pension benefit guaranty corporation. Pension insurance data book detailed statistics on pbgc program operations and benefit. The pbgc administers separate insurance programs to protect participants in singleemployer and multiemployer plans. In its latest projections report, the pbgc says that the deficit its singleemployer program has registered likely will end in the near future. In this article, well show you what the pbgc can tell you. The pbgc has published pension insurance data books and tables annually since 1996 to present detailed statistics on pbgc program operations and benefit. Jul 30, 2015 pension benefit guaranty corporation, 2012 pension insurance data tables, table s39. Pbgc publishes pension insurance data book 2007 pension. Pbgc has published the pension insurance data book since 1996 to present detailed statistics for the singleemployer and multiemployer plans that the agency insures.

Pbgc singleemployer program pension benefit guaranty corporation. A guide to understanding the pension benefit guaranty corporation. Sep 14, 2019 singleemployer plans trusteed by the pbgc metadata updated. The data book also contains a feature article examining standard terminations, the most common procedure used to end pbgcinsured singleemployer defined benefit plans. Most pbgc retirees get full earned benefit, study shows. The risk exposure of the pension benefit guaranty corporation. Congress nevertheless allowed for the possibility that, in certain industries, the fact that particular employers go out of business or cease operations in a specific geographic region might not result in permanent damage to the pension plans contribution base. Pbgc issues first installment of 2016 pension insurance. Singleemployer plans trusteed by the pbgc metadata updated. The pension benefit guaranty corporation insures and guarantees private sector workers pensions.

The first is a brief description about recent trends in defined benefit pension plans and includes most of the graphs that were presented under the heading pbgc data and trends in previous editions of the pension insurance data book. Pension insurance data book 2007 pension rights center. Washington the pension benefit guaranty corporation s pbgc fiscal year fy. Pension insurance data tables find out about retirement trends in pbgcs data tables. Pension benefit guaranty corporation, the pension benefit guaranty corporation pbgc, a u. Tables related to pbgcs claims experience have been added to provide more. Both the current and prior years collection of data tables are available on the pbgcs website at. Pbgc predicts massive hike in payouts benefits canada. Aug 27, 2018 the pension benefit guaranty corporation pbgc has released the second installment of its pension insurance data book that covers pension plan data for the year beginning in 2016. The singleemployer section gives all data and statics on singleemployer programs. In fy2018, pbgc insured about 25,000 db pension plans covering. An overview of the pension benefit guaranty corporation pbgc. This edition of the pension insurance data book contains two short. The pension benefit guaranty corporation pbgc is a united states federally chartered corporation created by the employee retirement income security act of 1974 erisa to encourage the continuation and maintenance of voluntary private defined benefit pension plans, provide timely and uninterrupted payment of pension benefits, and keep pension insurance.

Private pension plan bulletin abstract of form 5500 annual reports dol statistics on plans, participants, assets, income and expenses based on form 5500 filings. The 2000 edition also features graphs that illustrate current data and trends,both in pbgc operations and in the universe of private pension plans insured by the pbgc. Find statistics for pbgc s singleemployer and multiemployer programs and for the private defined benefit pension system, including statebystate information. Beginning with the 2015 data tables, pbgc is releasing the data in groups, as they become available. Pbgc issues second installment of 2016 pension insurance data. Pbgc has published the pension insurance data book annually since 1996 to present detailed statistics on pbgc program operations and benefit protections. The pension benefit guaranty corporation pbgc has issued its updated pension insurance data books and tables. Pbgc singleemployer program pension benefit guaranty corporation single employer program. Pension benefit guaranty corporations fiscal year 2016 and 2015 financial statements. A significant component has been the escalating premiums that plan sponsors must t. This edition of the pension insurance data book has been expanded and the order of the tables has been revised.