Is Your Pension Plan Federally Insured? See the List of RI Plans

GoLocalProv

Is Your Pension Plan Federally Insured? See the List of RI Plans

Pensions
The Pension Benefit Guaranty Corporation (PBGC) protects the retirement benefits of nearly 40 million workers and retirees.

In 2016 PBGC paid $11,978,101 to 2,304 Rhode Island retirees in failed plans. Now, nearly 3,000 members of the St. Joseph Health Services pension fund will not receive federal payments and are scheduled to be hit with a 40 percent cut in benefits. St. Joseph's pension fund is not eligible as it is a "Church Plan" and those are not eligible for federal insurance.

In 2016, PBGC paid about $5,6 billion to more than 860,633 retirees in terminated, single-employer plans. An additional 531,996 Americans will get their pension from PBGC when they're eligible to retire.

GET THE LATEST BREAKING NEWS HERE -- SIGN UP FOR GOLOCAL FREE DAILY EBLAST

The list below is the active single-employer pensions in Rhode Island plans insured by PBGC.


List of RI Active Single-Employer Pensions Plans Insured by Federal PBGC Insurance

Enjoy this post? Share it with others.