PBGC increases maximum monthly guarantee for 2015

The Pension Benefit Guaranty Corporation (PBGC) has issued a news release announcing that the maximum insurance benefit for participants in underfunded pension plans terminating in 2015 is $5,011.36 per month or $60,136 per year for those who retire at age 65. On its website, the PBGC has provided a chart that shows the 2015 monthly maximum benefit guarantees for retirees from age 75 to 45.

Source: PBGC News Release No. 14-12.

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