$18.1 Million Paid To Arkansas Retirees

pension

The federal Pension Benefit Guaranty Corporation (PBGC) paid out more than $18.111 million to 4,580 Arkansas retirees in failed pension plans in 2017. The payments came despite fears that rising deficits for some of the nation’s largest employer programs will cause the government-funded trust to run out of money in the next decade.

Earlier this year, the PBGC reported in its 2017 report that it paid out $5.65 billion to more than 868,196 retirees in terminated, single-employer plans. An additional 504,687 Americans will get their pension from PBGC when they’re eligible to retire.   MORE

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