Learn about PBGC pension insurance coverage

The Pension Benefit Guaranty Corporation insures more than 23,500 private sector defined benefit pension plans covering about 30 million Americans. If your employer's plan fails, PBGC guarantees your pension up to a statutory maximum ($7,012.50/month at age 65 in 2026).

Source: Pension Benefit Guaranty Corporation (PBGC)articleApplies to: 2026

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Pension Benefit Estimation

A defined benefit pension pays a guaranteed monthly income for life, calculated as: Years of Service × Final Average Salary × Benefit Multiplier. A typical 2% multiplier over 30 years replaces 60% of your final salary. Only 14% of private sector workers still have access to a pension (2025), but 86% of public sector workers do.

Last reviewed: 2027-01-15 • Federal / General