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PBGC 2023 Annual Report (PDF).pdf

pbgc-annual-report-2023.pdf
Preview of PBGC 2023 Annual Report (PDF)
🔗 Source: pbgc.gov
📊 Size: 4.25 MB
📄 Pages: 157 pages
⬇️ Downloads: 237

Summary

The Pension Benefit Guaranty Corporation (PBGC) protects America's pensions, with nearly 920,000 participants receiving $6 billion in annual benefit payments and 31 million workers, retirees, and beneficiaries in insured plans. The PBGC's FY 2023 Annual Report highlights its accomplishments, including a 31st consecutive unmodified audit opinion and improved financial status, with the Single-Employer Program in a positive net financial position and the Multiemployer Program likely to remain solvent for over 40 years. The Special Financial Assistance (SFA) Program has approved $53.5 billion in funding for severely underfunded multiemployer pension plans, ensuring millions of workers and retirees receive their earned pension benefits. The PBGC has also maintained a diverse and inclusive workplace, strengthened employee performance, and increased leadership engagement, ranking as a Top Agency among small agencies.

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Description

The Pension Benefit Guaranty Corporation (PBGC) protects America's pensions, with nearly 920,000 participants receiving $6 billion in annual benefit payments...

Technical Information

  • File Format: PDF
  • File Size: 4.25 MB
  • Pages: 157
  • Language: EN
  • Total Downloads: 237
  • Last Updated: 1 month ago

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