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Pension Benefit Guaranty company history timeline

1974

In 1974, Congress passed the Employee Retirement Income Security Act (ERISA), the foundation for a sound and workable pension insurance program that guaranteed workers' benefits in private pension plans.

1975

PBGC issued its first pension check for $140.75 on February 28, 1975, to a participant in the International City Bank of New Orleans Employees Retirement Plan.

2012

For prior legislative history, please see the 2012 Green Book.

2016

After 2016, the flat-rate premium will again be indexed to increases in the average national wage.

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Founded
1974
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Pension Benefit Guaranty may also be known as or be related to Pension Benefit Guaranty, Pension Benefit Guaranty Corporation, Pension Benefit Guaranty Corporation (pbgc) and The Pension Benefit Guaranty Corporation (PBGC).