The Pension Benefit Guaranty Corporation (PBGC) protects the retirement incomes of more than 40 million American workers in more than 26,000 private-sector defined benefit pension plans. A defined benefit plan provides a specified monthly benefit at retirement, often based on a combination of salary and years of service. PBGC was created by the Employee Retirement Income Security Act of 1974 to encourage the continuation and maintenance of private-sector defined benefit pension plans, provide timely and uninterrupted payment of pension benefits, and keep pension insurance premiums at a minimum.
Budgets
FY 2014 CONGRESSIONAL BUDGET JUSTIFICATION
http://www.dol.gov/dol/budget/2014/PDF/CBJ-2014-V2-02.pdf
Reports
Strategic Plan FY 2012-2016
http://www.pbgc.gov/Documents/2012-2016strategicplan.pdf
Strategic Plan FY 2014-2018
http://www.pbgc.gov/Documents/PBGC-Strategic-Plan-2014-2018.pdf