PBGC Payments to Participants by State

By John Iekel • March 12, 2018 • 0 Comments
The Pension Benefit Guaranty Corporation (PBGC) paid approximately $5.6 billion in 2017 to almost 870,000 terminated, single-employer plans. But what does that mean in the state where you and your plan are located? The PBGC makes it possible for you to find out.

The PBGC provides a listing by state of the number of retirees to whom it provided benefits in 2017, as well as how much it provided in benefits them; it breaks down state data on recipients and benefits paid by congressional district as well.

The 10 states with the highest amount of PBGC benefits payments in 2017 were:

State       Amount of Benefits      Number of Recipients
Ohio      $543,930,383      78,109
Pennsylvania      $462,185,424      79,325
Florida      $418,879,056      58,740
Michigan      $397,612,446      48,852
California      $351,334,056      44,247
New York      $339,878,939      51,871
Illinois      $304,612,521      43,698
Indiana      $290,816,158      33,082
North Carolina      $202,145,491      43,400
 Georgia      $184,269,703      31,813

The 10 states with the lowest amount of PBGC benefits payments in 2017 were:

State       Amount of Benefits       Number of Recipients
Idaho      $14,662,358       2,217
Rhode Island      $12,521,699       2,330
New Mexico      $12,184,427       2,162
Vermont      $9,048,804       1,898
Nebraska       $7,428,076       1,756
Montana      $6,118,007       709
South Dakota      $4,581,421       672
Alaska      $3,949,749       645
Wyoming      $3,309,267       403
North Dakota      $570,194        154

The PBGC also provides retiree and benefit information for U.S. territories.




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