The PBGC data was released as a table of benefits posted on the agency’s Web site relating to 2009 benefit restrictions for lump sums or other accelerated distribution forms for single-employer defined benefit pension plans that are between 60% and 80% funded.
According to a PPA provision, a single-employer plan between 60% and 80% funded may not, generally starting in 2008, pay lump sums or other accelerated distributions greater than 50% of the amount that would be paid without the restriction.
Or, if the distribution amount is smaller, it has to be the present value of PBGC’s maximum guarantee computed annually under the agency’s guidance.
Additional information at the latest PBGC data for 2009 is available at .
« IMHO: The Gift of Time