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PBGC Updates Maximum Monthly Guarantee Tables

The Pension Benefit Guaranty Corporation (PBGC) has updated the maximum monthly guarantee tables, which set the maximum guaranteed amounts that participants in a defined benefit pension plan may receive upon its termination. The maximum guaranteed amount is based, in part, on a participant’s age on the plan termination date and whether the participant receives a straight-life annuity or 50 percent survivor annuity. The maximum guaranteed monthly benefit for 2012 is $4,653.41, increased from $4,500 for 2011. The maximum monthly guarantee tables can be found here.

December 2011
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