Pension protections
What are the $ limits of the Pension Protection Act ? Do they protect against lawsuits?
Terry Says
Read all about the PBGC — Pension Benefit Guarantee Corporation here. It guarantees the corporate pensions of more than 34 million Americans, but not “multi-employer pensions” like Labor Unions.
Here is a separate link to the guarantee limits which change yearly and depend on your income, age, and other factors.
The protection is for companies that file for bankruptcy, and have insured pension obligations.