The maximum monthly benefit guaranteed by the Pension Benefit Guaranty Corporation (PBGC) depends on various factors. Need quick answers? what.edu.vn is here to help you discover the maximum guarantee amounts for single-employer pension plans that PBGC pays as trustee, along with details on age, annuity type, and plan termination date. Explore pension security, benefit limits, and annuity options with us!
1. How Is The Maximum Monthly Guarantee Determined?
The maximum monthly guarantee is determined by a formula in federal law tied to the Social Security index. This formula considers your age and the type of annuity you receive. For example, younger individuals are expected to receive more monthly checks over their lifetime, so their amounts are lower. Amounts are also lower for retirees who choose an annuity with survivor benefits.
2. Where Can I Find The Maximum Monthly Guarantee Table That Applies To Me?
To find the correct maximum monthly guarantee table, you need to know the date your plan ended (the date of plan termination). If your employer was in bankruptcy on that date, you also need to know the date your employer filed for bankruptcy protection. Generally, the relevant table is for the year in which your plan fails (the calendar year that includes the plan’s termination date). If your plan fails while your employer is in bankruptcy, use the table for the year in which your employer entered bankruptcy.
3. Which Age Should I Use To Find My Maximum Guarantee Amount?
Your maximum guarantee amount is generally based on your age when you first start receiving a benefit from PBGC. However, if your plan ends while your employer is in bankruptcy, the following rules apply:
- If you first start receiving a benefit before your employer enters bankruptcy: Use your age on the date the employer filed for bankruptcy protection.
- If you first start receiving a benefit after your employer enters bankruptcy and before the plan terminates: Use your age on the date you started receiving a benefit from the plan.
- If you first start receiving a benefit after the plan terminates: Use your age on the date you started receiving a benefit from PBGC.
4. Which Column In The Table Applies To Me After I Find My Age?
The applicable column depends on the form of annuity in which you receive your benefit. The table provides maximum guarantee amounts for two common forms of annuity:
- Straight-life annuity: Without survivor benefits.
- Joint-and-50% survivor annuity: Continues to pay 50% of the benefit to a surviving beneficiary.
If you elect a different form of annuity, your maximum guarantee amount will vary. Generally, if your annuity provides a larger percentage as a survivor benefit, your maximum monthly amount will be lower. Keep in mind that the age reduction does not apply to certain disabled participants.
5. What Are The PBGC Maximum Monthly Guarantees For 2025?
Here are the PBGC maximum monthly guarantees for 2025:
| Age | Straight-Life Annuity | Joint and 50% Survivor Annuity [1] |
|---|---|---|
| 75 | $22,592.73 | $20,333.46 |
| 74 | $20,541.55 | $18,487.40 |
| 73 | $18,490.37 | $16,641.33 |
| 72 | $16,439.19 | $14,795.27 |
| 71 | $14,388.00 | $12,949.20 |
| 70 | $12,336.82 | $11,103.14 |
| 69 | $11,073.41 | $9,966.07 |
| 68 | $9,958.64 | $8,962.78 |
| 67 | $8,992.50 | $8,093.25 |
| 66 | $8,175.00 | $7,357.50 |
| 65 | $7,431.82 | $6,688.64 |
| 64 | $6,911.59 | $6,220.43 |
| 63 | $6,391.37 | $5,752.23 |
| 62 | $5,871.14 | $5,284.03 |
| 61 | $5,350.91 | $4,815.82 |
| 60 | $4,830.68 | $4,347.61 |
| 59 | $4,533.41 | $4,080.07 |
| 58 | $4,236.14 | $3,812.53 |
| 57 | $3,938.86 | $3,544.97 |
| 56 | $3,641.59 | $3,277.43 |
| 55 | $3,344.32 | $3,009.89 |
| 54 | $3,195.68 | $2,876.11 |
| 53 | $3,047.05 | $2,742.35 |
| 52 | $2,898.41 | $2,608.57 |
| 51 | $2,749.77 | $2,474.79 |
| 50 | $2,601.14 | $2,341.03 |
| 49 | $2,452.50 | $2,207.25 |
| 48 | $2,303.86 | $2,073.47 |
| 47 | $2,155.23 | $1,939.71 |
| 46 | $2,006.59 | $1,805.93 |
| 45 | $1,857.96 | $1,672.16 |
[1] Joint and 50% survivor annuity amounts apply only if both spouses are the same age. Different amounts apply if that is not the case.
6. What Were The PBGC Maximum Monthly Guarantees For 2024?
Here are the PBGC maximum monthly guarantees for 2024:
| Age | Straight-Life Annuity | Joint and 50% Survivor Annuity [1] |
|---|---|---|
| 75 | $21,608.17 | $19,447.35 |
| 74 | $19,646.37 | $17,681.73 |
| 73 | $17,684.58 | $15,916.12 |
| 72 | $15,722.79 | $14,150.51 |
| 71 | $13,760.99 | $12,384.89 |
| 70 | $11,799.20 | $10,619.28 |
| 69 | $10,590.85 | $9,531.77 |
| 68 | $9,524.65 | $8,572.19 |
| 67 | $8,600.62 | $7,740.56 |
| 66 | $7,818.75 | $7,036.88 |
| 65 | $7,107.95 | $6,397.16 |
| 64 | $6,610.39 | $5,949.35 |
| 63 | $6,112.84 | $5,501.56 |
| 62 | $5,615.28 | $5,053.75 |
| 61 | $5,117.72 | $4,605.95 |
| 60 | $4,620.17 | $4,158.15 |
| 59 | $4,335.85 | $3,902.27 |
| 58 | $4,051.53 | $3,646.38 |
| 57 | $3,767.21 | $3,390.49 |
| 56 | $3,482.90 | $3,134.61 |
| 55 | $3,198.58 | $2,878.72 |
| 54 | $3,056.42 | $2,750.78 |
| 53 | $2,914.26 | $2,622.83 |
| 52 | $2,772.10 | $2,494.89 |
| 51 | $2,629.94 | $2,366.95 |
| 50 | $2,487.78 | $2,239.00 |
| 49 | $2,345.62 | $2,111.06 |
| 48 | $2,203.46 | $1,983.11 |
| 47 | $2,061.31 | $1,855.18 |
| 46 | $1,919.15 | $1,727.24 |
| 45 | $1,776.99 | $1,599.29 |
[1] Joint and 50% survivor annuity amounts apply only if both spouses are the same age. Different amounts apply if that is not the case.
7. What Were The PBGC Maximum Monthly Guarantees For 2023?
Here are the PBGC maximum monthly guarantees for 2023:
| Age | Straight-Life Annuity | Joint and 50% Survivor Annuity [1] |
|---|---|---|
| 75 | $20,520.00 | $18,468.00 |
| 74 | $18,657.00 | $16,791.30 |
| 73 | $16,794.00 | $15,114.60 |
| 72 | $14,931.00 | $13,437.90 |
| 71 | $13,068.00 | $11,761.20 |
| 70 | $11,205.00 | $10,084.50 |
| 69 | $10,057.50 | $9,051.75 |
| 68 | $9,045.00 | $8,140.50 |
| 67 | $8,167.50 | $7,350.75 |
| 66 | $7,425.00 | $6,682.50 |
| 65 | $6,750.00 | $6,075.00 |
| 64 | $6,277.50 | $5,649.75 |
| 63 | $5,805.00 | $5,224.50 |
| 62 | $5,332.50 | $4,799.25 |
| 61 | $4,860.00 | $4,374.00 |
| 60 | $4,387.50 | $3,948.75 |
| 59 | $4,117.50 | $3,705.75 |
| 58 | $3,847.50 | $3,462.75 |
| 57 | $3,577.50 | $3,219.75 |
| 56 | $3,307.50 | $2,976.75 |
| 55 | $3,037.50 | $2,733.75 |
| 54 | $2,902.50 | $2,612.25 |
| 53 | $2,767.50 | $2,490.75 |
| 52 | $2,632.50 | $2,369.25 |
| 51 | $2,497.50 | $2,247.75 |
| 50 | $2,362.50 | $2,126.25 |
| 49 | $2,227.50 | $2,004.75 |
| 48 | $2,092.50 | $1,883.25 |
| 47 | $1,957.50 | $1,761.75 |
| 46 | $1,822.50 | $1,640.25 |
| 45 | $1,687.50 | $1,518.75 |
[1] Joint and 50% survivor annuity amounts apply only if both spouses are the same age. Different amounts apply if that is not the case.
8. What Were The PBGC Maximum Monthly Guarantees For 2022?
Here are the PBGC maximum monthly guarantees for 2022:
| Age | Straight-Life Annuity | Joint and 50% Survivor Annuity [1] |
|---|---|---|
| 75 | $18,861.83 | $16,975.65 |
| 74 | $17,149.38 | $15,434.44 |
| 73 | $15,436.92 | $13,893.23 |
| 72 | $13,724.46 | $12,352.01 |
| 71 | $12,012.01 | $10,810.81 |
| 70 | $10,299.55 | $9,269.60 |
| 69 | $9,244.78 | $8,320.30 |
| 68 | $8,314.10 | $7,482.69 |
| 67 | $7,507.51 | $6,756.76 |
| 66 | $6,825.01 | $6,142.51 |
| 65 | $6,204.55 | $5,584.10 |
| 64 | $5,770.23 | $5,193.21 |
| 63 | $5,335.91 | $4,802.32 |
| 62 | $4,901.59 | $4,411.43 |
| 61 | $4,467.28 | $4,020.55 |
| 60 | $4,032.96 | $3,629.66 |
| 59 | $3,784.78 | $3,406.30 |
| 58 | $3,536.59 | $3,182.93 |
| 57 | $3,288.41 | $2,959.57 |
| 56 | $3,040.23 | $2,736.21 |
| 55 | $2,792.05 | $2,512.85 |
| 54 | $2,667.96 | $2,401.16 |
| 53 | $2,543.87 | $2,289.48 |
| 52 | $2,419.77 | $2,177.79 |
| 51 | $2,295.68 | $2,066.11 |
| 50 | $2,171.59 | $1,954.43 |
| 49 | $2,047.50 | $1,842.75 |
| 48 | $1,923.41 | $1,731.07 |
| 47 | $1,799.32 | $1,619.39 |
| 46 | $1,675.23 | $1,507.71 |
| 45 | $1,551.14 | $1,396.03 |
[1] Joint and 50% survivor annuity amounts apply only if both spouses are the same age. Different amounts apply if that is not the case.
9. What Were The PBGC Maximum Monthly Guarantees For 2021?
Here are the PBGC maximum monthly guarantees for 2021:
| Age | Straight-Life Annuity | Joint and 50% Survivor Annuity [1] |
|---|---|---|
| 75 | $18,343.63 | $16,509.27 |
| 74 | $16,678.22 | $15,010.40 |
| 73 | $15,012.82 | $13,511.54 |
| 72 | $13,347.41 | $12,012.67 |
| 71 | $11,682.00 | $10,513.80 |
| 70 | $10,016.59 | $9,014.93 |
| 69 | $8,990.79 | $8,091.71 |
| 68 | $8,085.68 | $7,277.11 |
| 67 | $7,301.25 | $6,571.13 |
| 66 | $6,637.50 | $5,973.75 |
| 65 | $6,034.09 | $5,430.68 |
| 64 | $5,611.70 | $5,050.53 |
| 63 | $5,189.32 | $4,670.39 |
| 62 | $4,766.93 | $4,290.24 |
| 61 | $4,344.54 | $3,910.09 |
| 60 | $3,922.16 | $3,529.94 |
| 59 | $3,680.79 | $3,312.71 |
| 58 | $3,439.43 | $3,095.49 |
| 57 | $3,198.07 | $2,878.26 |
| 56 | $2,956.70 | $2,661.03 |
| 55 | $2,715.34 | $2,443.81 |
| 54 | $2,594.66 | $2,335.19 |
| 53 | $2,473.98 | $2,226.58 |
| 52 | $2,353.30 | $2,117.97 |
| 51 | $2,232.61 | $2,009.35 |
| 50 | $2,111.93 | $1,900.74 |
| 49 | $1,991.25 | $1,792.13 |
| 48 | $1,870.57 | $1,683.51 |
| 47 | $1,749.89 | $1,574.90 |
| 46 | $1,629.20 | $1,466.28 |
| 45 | $1,508.52 | $1,357.67 |
[1] Joint and 50% survivor annuity amounts apply only if both spouses are the same age. Different amounts apply if that is not the case.
10. What Were The PBGC Maximum Monthly Guarantees For 2020?
Here are the PBGC maximum monthly guarantees for 2020:
| Age | Straight-Life Annuity | Joint and 50% Survivor Annuity [1] |
|---|---|---|
| 75 | $17,670.00 | $15,903.00 |
| 74 | $16,065.75 | $14,459.18 |
| 73 | $14,461.50 | $13,015.35 |
| 72 | $12,857.25 | $11,571.53 |
| 71 | $11,253.00 | $10,127.70 |
| 70 | $9,648.75 | $8,683.88 |
| 69 | $8,660.63 | $7,794.57 |
| 68 | $7,788.75 | $7,009.88 |
| 67 | $7,033.13 | $6,329.82 |
| 66 | $6,393.75 | $5,754.38 |
| 65 | $5,812.50 | $5,231.25 |
| 64 | $5,405.63 | $4,865.07 |
| 63 | $4,998.75 | $4,498.88 |
| 62 | $4,591.88 | $4,132.69 |
| 61 | $4,185.00 | $3,766.50 |
| 60 | $3,778.13 | $3,400.32 |
| 59 | $3,545.63 | $3,191.07 |
| 58 | $3,313.13 | $2,981.82 |
| 57 | $3,080.63 | $2,772.57 |
| 56 | $2,848.13 | $2,563.32 |
| 55 | $2,615.63 | $2,354.07 |
| 54 | $2,499.38 | $2,249.44 |
| 53 | $2,383.13 | $2,144.82 |
| 52 | $2,266.88 | $2,040.19 |
| 51 | $2,150.63 | $1,935.57 |
| 50 | $2,034.38 | $1,830.94 |
| 49 | $1,918.13 | $1,726.32 |
| 48 | $1,801.88 | $1,621.69 |
| 47 | $1,685.63 | $1,517.07 |
| 46 | $1,569.38 | $1,412.44 |
| 45 | $1,453.13 | $1,307.82 |
[1] Joint and 50% survivor annuity amounts apply only if both spouses are the same age. Different amounts apply if that is not the case.
11. What Were The PBGC Maximum Monthly Guarantees For 2019?
Here are the PBGC maximum monthly guarantees for 2019:
| Age | Straight-Life Annuity | Joint and 50% Survivor Annuity [1] |
|---|---|---|
| 75 | $17,048.17 | $15,343.35 |
| 74 | $15,500.37 | $13,950.33 |
| 73 | $13,952.58 | $12,557.32 |
| 72 | $12,404.79 | $11,164.31 |
| 71 | $10,856.99 | $9,771.29 |
| 70 | $9,309.20 | $8,378.28 |
| 69 | $8,355.85 | $7,520.27 |
| 68 | $7,514.65 | $6,763.19 |
| 67 | $6,785.62 | $6,107.06 |
| 66 | $6,168.75 | $5,551.88 |
| 65 | $5,607.95 | $5,047.16 |
| 64 | $5,215.39 | $4,693.85 |
| 63 | $4,822.84 | $4,340.56 |
| 62 | $4,430.28 | $3,987.25 |
| 61 | $4,037.72 | $3,633.95 |
| 60 | $3,645.17 | $3,280.65 |
| 59 | $3,420.85 | $3,078.77 |
| 58 | $3,196.53 | $2,876.88 |
| 57 | $2,972.21 | $2,674.99 |
| 56 | $2,747.90 | $2,473.11 |
| 55 | $2,523.58 | $2,271.22 |
| 54 | $2,411.42 | $2,170.28 |
| 53 | $2,299.26 | $2,069.33 |
| 52 | $2,187.10 | $1,968.39 |
| 51 | $2,074.94 | $1,867.45 |
| 50 | $1,962.78 | $1,766.50 |
| 49 | $1,850.62 | $1,665.56 |
| 48 | $1,738.46 | $1,564.61 |
| 47 | $1,626.31 | $1,463.68 |
| 46 | $1,514.15 | $1,362.74 |
| 45 | $1,401.99 | $1,261.79 |
[1] Joint and 50% survivor annuity amounts apply only if both spouses are the same age. Different amounts apply if that is not the case.
12. What Were The PBGC Maximum Monthly Guarantees For 2018?
Here are the PBGC maximum monthly guarantees for 2018:
| Age | Straight-Life Annuity | Joint and 50% Survivor Annuity [1] |
|---|---|---|
| 75 | $16,478.17 | $14,830.35 |
| 74 | $14,982.12 | $13,483.91 |
| 73 | $13,486.08 | $12,137.47 |
| 72 | $11,990.04 | $10,791.04 |
| 71 | $10,493.99 | $9,444.59 |
| 70 | $8,997.95 | $8,098.16 |
| 69 | $8,076.47 | $7,268.82 |
| 68 | $7,263.40 | $6,537.06 |
| 67 | $6,558.74 | $5,902.87 |
| 66 | $5,962.50 | $5,366.25 |
| 65 | $5,420.45 | $4,878.41 |
| 64 | $5,041.02 | $4,536.92 |
| 63 | $4,661.59 | $4,195.43 |
| 62 | $4,282.16 | $3,853.94 |
| 61 | $3,902.72 | $3,512.45 |
| 60 | $3,523.29 | $3,170.96 |
| 59 | $3,306.47 | $2,975.82 |
| 58 | $3,089.66 | $2,780.69 |
| 57 | $2,872.84 | $2,585.56 |
| 56 | $2,656.02 | $2,390.42 |
| 55 | $2,439.20 | $2,195.28 |
| 54 | $2,330.79 | $2,097.71 |
| 53 | $2,222.38 | $2,000.14 |
| 52 | $2,113.98 | $1,902.58 |
| 51 | $2,005.57 | $1,805.01 |
| 50 | $1,897.16 | $1,707.44 |
| 49 | $1,788.75 | $1,609.88 |
| 48 | $1,680.34 | $1,512.31 |
| 47 | $1,571.93 | $1,414.74 |
| 46 | $1,463.52 | $1,317.17 |
| 45 | $1,355.11 | $1,219.60 |
[1] Joint and 50% survivor annuity amounts apply only if both spouses are the same age. Different amounts apply if that is not the case.
13. What Were The PBGC Maximum Monthly Guarantees For 2017?
Here are the PBGC maximum monthly guarantees for 2017:
| Age | Straight-Life Annuity | Joint and 50% Survivor Annuity [1] |
|---|---|---|
| 75 | $16,322.73 | $14,690.46 |
| 74 | $14,840.80 | $13,356.72 |
| 73 | $13,358.87 | $12,022.98 |
| 72 | $11,876.94 | $10,689.25 |
| 71 | $10,395.00 | $9,355.50 |
| 70 | $8,913.07 | $8,021.76 |
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