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PBGC 2017 Annual Report

2017 Annual Report P E N S I O N B E N E F I T G U A R A N T Y C O R P O R A T I O N i F Y 2 0 1 7 | A N N U A L R E P O R T A M ESS AG E F RO M OU R CH AI R The pension Benefit guaranty corporation (PBGC) is critical to ensuring retirement security and is committed to protecting Americans hard-earned pensions. Our federal pension insurance agency is facing difficult challenges. Many factors are contributing to a rapid decline in the financial position of the program that protects over 10 million workers and retirees in multiemployer plans. On behalf of the PBGC Board of Directors, I am pleased to present the PBGC s FY 2017 Annual Report , which provides important information about the corporation s operations and finances.

financial outlook of plans and the ability of PBGC to meet its challenges, now and in the future. R. Alexander Acosta Secretary of Labor ... ANNUAL REPORT ANNUAL PERFORMANCE REPORT Congress established the Pension Benefit Guaranty Corporation (PBGC …

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