PBGC Adds Webpage to Publish Participant Notices

Document Excerpt

At times, PBGC places ads in local and national newspapers to inform participants that the agency is taking responsibility for their plan. When this happens, PBGC pays all earned benefits up to the limits set by law. PBGC takes this action when the plan doesn’t have enough money to pay all promised benefits and the employer is financially unable to maintain the plan. Publication of these ads end any expectation that participants will earn further benefits under their pension plan. Our latest ads are curated on this page

Link

https://www.pbgc.gov/workers-retirees/ntp

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