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A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
Tax Facts
Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
Popular Financial Topics
Go deeper on emerging topics, as well as key firms and thought leaders
A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
Tax Facts
Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
Popular Financial Topics
Go deeper on emerging topics, as well as key firms and thought leaders
A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
Tax Facts
Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
Popular Financial Topics
Go deeper on emerging topics, as well as key firms and thought leaders
A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
Tax Facts
Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
Popular Financial Topics
Go deeper on emerging topics, as well as key firms and thought leaders
A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
Tax Facts
Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
Popular Financial Topics
Go deeper on emerging topics, as well as key firms and thought leaders
A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
Tax Facts
Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
Popular Financial Topics
Go deeper on emerging topics, as well as key firms and thought leaders
November 13, 2002 at 07:00 PM
NU Online News Service, Nov. 13, 9:28 a.m. – The Pension Benefit Guaranty Corp., the federal agency that backs defined-benefit pension plans, will increase the maximum amount of monthly benefits it will guarantee for retirees in underfunded single-employer plans to $3,664.77 in 2003, or $43,977.24 per year, from $3,579.55, or $42,954.60 per year, in 2002.
The maximum guarantee affects workers who retire at age 65. Workers who retire at younger ages will get less.
The PBGC now guarantees benefits for 44 million U.S. workers, and it is providing or expecting to provide benefits for 624,000 workers and retirees who belong to about 3,000 defunct pension plans, according to PBGC figures.
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