US - The Pension Benefit Guaranty Corporation (PBGC) has set its maximum insurance benefit for 2009 at US$54,000, up from $51,750 in 2008.
The new figure will apply to participants in underfunded pension plans terminating next year, with the amount higher for those who retire later and lower for those who retire earlier or elect survi...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here