The PBGC Reports Positive Net Financial Positions for Multiemployer Insurance Programs

The PBGC Reports Positive Net Financial Positions for Multiemployer Insurance Programs

The Pension Benefit Guaranty Corporation (PBGC) is a US federal agency created by ERISA in 1974 to protect private-sector defined-benefit pension plans. The PBGC recently released its fiscal year 2025 annual report showing positive net financial positions for multiemployer insurance programs for the fifth year in a row.

The PBGC’s multiemployer program had a positive net position of $2.6 billion at the end of FY 2025, compared with $2.1 billion at the end of fiscal year 2024, an improvement of $500 million. Estimates from PBGC’ show the multiemployer program is likely to remain solvent for more than 40 years, driven by an improved outlook for the plans covered by PBGC’s insurance program.

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