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Home > Company Index > Insurance > Surety, Title & Miscellaneous Insurance > Pension Benefit Guaranty Corporation

Pension Benefit Guaranty Corporation
 PROFILE
Underfunded pension plans give the heebie-jeebies to PBGC, or Pension Benefit Guaranty Corporation. The government corporation was established to promote the growth of defined-benefit pension plans, provide payment of retirement benefits, and keep pension premiums as low as possible. It protects the pensions of more than 43 million workers and monitors employers to ensure that plans are adequately funded. The agency receives no tax funds; its income is generated by insurance premiums paid by employers (about $19 per employee), investments, and assets recovered from terminated plans. Pension Benefit Guaranty is empowered to take over a company's pension plan if the plan is in financial distress.

 FINANCIAL OVERVIEW
Fiscal Year-End: September
2000 Sales (mil.): 3,298.00
1-Yr. Sales Growth: 106.1%
Employees: 750
Revenue per employee: $4,397,333.33

 KEY PEOPLE
• David M. Strauss
    CEO
• N. Anthony Calhoun
    CFO

 CONTACT INFO
1200 K St. NW
Washington, DC 20005
US
Phone: 202-326-4040
Fax: 202-326-4042
Online: Web Site

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