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  • Form 723 Pbgc

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O. Box 151750 Alexandria Virginia 22315-1750 PBGC Form 723 Approved OMB 1212-0061 Expires 4/30/2013 For assistance call 1-800-400-7242 ext.

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To file an appeal, you must provide a specific reason why the benefit determination is wrong. If you simply have a question about your benefit or how it was calculated, you should ask for an explanation, instead of filing an appeal, by calling PBGC's Customer Contact Center at 1-800-400-7242.

The Plan Administrator of each pension plan covered under ERISA section 4021 is required to annually file the prescribed premium information and pay the premium due in ance with PBGC's Premium Regulations and instructions.

Maximum Guarantee Tables for Current and Prior years PBGC Maximum Monthly Guarantees for 2022Age2022 Straight-Life Annuity2022 Joint and 50% Survivor Annuity*67$7,507.51$6,756.7666$6,825.01$6,142.5165$6,204.55$5,584.1029 more rows • Oct 19, 2021

PBGC premiums, guaranteed benefits and maximum present value On Oct. 18, PBGC announced that the maximum guaranteed benefit at age 65 for terminating plans will rise to $81,000 in 2023 from $74,455 in 2022.

A:When a defined benefit pension plan fails, PBGC takes over the pension plan and becomes statutory trustee of the plan. PBGC sends a letter to the plan's participants to inform them that PBGC is now responsible for the plan. Sometimes PBGC does not get complete or current participant records.

PBGC benefits are not increased for cost-of-living adjustments (COLAs). For more information see, what PBGC guarantees and our maximum guarantee tables.

What happens when PBGC takes over as trustee of my plan? PBGC reviews your plan's records to determine the benefits each person will receive. The amount we pay is subject to limits set by law. If you are already receiving a pension, we will continue paying you without interruption during our review.

Can I receive my benefit as a lump sum payment? No, unless your total benefit is very small. PBGC pays lump sums only when a benefit has a value of $5,000 or less. All other benefits are paid as a monthly annuity, which provides a regular stream of income for life.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232