For TTY/ASCII (American Standard Code for Information Interchange) users, call the federal relay service toll-free at 1-800-877-8339 and ask to … To do this, PBGC must gather data and The Pension Benefit Guaranty Corporation (PBGC) has issued a final rule that amends its regulations on benefits payable in terminated single-employer plans and allocation of assets in single-employer plans. (U… The agency will pay pension benefits earned by McClatchy’s current and future retirees up to the legal limits. The Pension Benefit Guaranty Corporation (PBGC) is the federal agency responsible for the regulation of private pension plans. you would like to begin receiving your retirement benefit within the next 180 days. The PBGC also stated it will pay pension benefits earned by McClatchy’s current and future retirees up to legal limits. Call at 1-800-400-7242. PBGC will contact you if you are missing any "proof documents" (e.g., a birth certificate) that are required to complete your application. Welcome to PBGC! About six - eight weeks before you want your pension benefits to start, call PBGC’s Customer Contact Center to request an application for pension benefits. We see that you have visited MyPBA before, would you like to be directed to this site, Beneficiaries / Report Death of a Participant, Qualified Domestic Relations Orders and PBGC, State Life and Health Insurance Guaranty Association Offices, Missing Participants (Standard/Distress Terminations only), Federal Register Notices Open for Comment, ERISA Section 4044 Retirement Assumptions, Reportable Events & Large Unpaid Contributions, you are now eligible or will be eligible within the next 180 days to receive benefits from PBGC, under the provisions of your pension plan; and. The solution: The Pension Benefit Guaranty Corporation (PBGC), which was founded in 1974 and protects retirees if a pension plan becomes insolvent. Join the conversation and connect with us on social media. Remember to have your Social Security number, plan name and case number ready for the customer service representative so that they are better able to help you. The list of acronyms and abbreviations related to PBGC - Pension Benefits Guaranty Corporation The first proposal would do the following. P.O. You are now eligible or will be eligible within the next 180 days to receive benefits from PBGC, under the provisions of your pension plan; and, You would like to begin receiving your retirement benefit within the next 180 days. Box 151750, Alexandria, Virginia 22315-1750 If the application is granted, the PBGC will take over the plan and pay the plan benefits, up to the legal limits, using plan assets and PBGC guarantee funds. When a single-employer pension plan terminates, PBGC assumes responsibility for paying the plan participants their benefits. Things to remember about applying for benefits: We see that you have visited MyPBA before, would you like to be directed to this site, Beneficiaries / Report Death of a Participant, Qualified Domestic Relations Orders and PBGC, State Life and Health Insurance Guaranty Association Offices, Missing Participants (Standard/Distress Terminations only), Federal Register Notices Open for Comment, ERISA Section 4044 Retirement Assumptions, Reportable Events & Large Unpaid Contributions. Box 151750 • Alexandria, VA 22315-1750 For assistance, call 1-800-400-7242 Plan Name: In order to reduce benefits, the plan sponsor is required to submit an application to the Secretary of the Treasury, which must be approved or denied in consultation with the Pension Benefit Guaranty Corporation (PBGC) and the Department of Labor. Call 1-800-400-7242. Call PBGC's Customer Contact Center to request an application for pension benefits. 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