Question about PBGC’s guaranteed Max
Studying about taking a lump sum or annuity on my pension. I'm factoring in what I would receive from the Fed if my company nosed down on my pension and I had chosen the annuity benefit (pension gets gets frozen 12/31/08 : (
The PBGC's max benefit is based on age. Is this simply the age you are at when your company calls it quits? In other words, if I retire at 56 in 2010 with the annuity benefit, and my company defaults in 2013, do I get the max for someone 59 as established by PBGC in 2013.
Thanks for any replies!