Pension Benefit Guaranty Corporation (PBGC)
PBGC protects the pension benefits of more than 42 million Americans in private-sector pension plans. PBGC pays for monthly retirement benefits, up to a guaranteed maximum, for nearly 801,000 retirees in 4,200 single-employer and multiemployer pension plans that cannot pay promised benefits. Including those who have not yet retired and participants in multiemployer plans receiving financial assistance, PBGC is responsible for the current and future pensions of about 1.5 million people.