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PBGC Announces Maximum Insurance Benefit for 2008
Old 11-17-2007, 10:01 AM   #1
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PBGC Announces Maximum Insurance Benefit for 2008

The US government's Pension Benefit Guaranty Corp (PBGC) can help replace the pensions of retirees whose former employer goes bankrupt or whose pension funds become underfunded. Each year, the PBGC updates the amount of money they will cover based on your age.

PBGC Announces Maximum Insurance Benefit for 2008

see full announcement here.


October 30, 2007

PBGC Public Affairs

PBGC Announces Maximum Insurance Benefit for 2008

"WASHINGTON—The Pension Benefit Guaranty Corporation (PBGC) today announced that the maximum insurance benefit for participants in underfunded pension plans terminating in 2008 is $51,750 per year for those who retire at age 65, up from $49,500 for 2007. The amount is higher for those who retire later and lower for those who retire earlier or elect survivor benefits (see chart) ...."
Retired in 2001 at age 49.
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