A. Benefits under this Plan are insured by the Pension Benefit Guaranty Corporation (PBGC). The PBGC pays certain benefits in the event that the plan becomes insolvent and is unable to pay guaranteed benefits when due. Generally, the PBGC guarantees most vested normal age retirement benefits, early retirement benefits, and certain disability and survivor’s pensions. However, the PBGC does not guarantee all types of benefit protection under covered plans. In addition, the amount of benefit protection is subject to certain limitations. For example, benefits that have been increased within the five years before plan insolvency are not guaranteed. In addition, there is a ceiling on the amount of monthly benefit that the PBGC guarantees.
For more information on the PBGC insurance protection and its limitations, ask your Fund Manager or the PBGC. Inquiries to the PBGC should be addressed to the Pension Benefit Guaranty Corporation, 1200 K Street, NW, Washington, DC 20005. The PBGC may also be reached by calling (202) 326-4000.