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PBGC Model Separate Interest QDRO Pension Benefit Guaranty Pbgc Form

PBGC Model Separate Interest QDRO Pension Benefit Guaranty Pbgc Form

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now the pbgc is the pension benefit guarantee corporation that is supposed to be the backstop for all corporate pensions not public pensions but corporate pensions but the pbgc is substantially underfunded last i heard it was about 54 billion on their opponent so the bail the federal agency established to bail out pensions needs a bailout they're 54 billion underfunded and so that's and when the ppgc does quote unquote bail out a pension fund still the benefits get slashed it's not that like the benefits are guaranteed dollar for dollar only a certain amount of the benefits are guaranteed and that's why you see the pilots you know their pension may go from 140 000 a year to 40 000 a year or uh i think the maximum benefit that pbgc pays is like 50 000 so it's a very uh precariously i mean truth be known is bankrupt the pbgc that's supposed to be backstopping all corporate pensions is itself bank bro but that's just being kicked down the can no one's doing anything about it but it's it's

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