It's not an astounding jump … but at least it's something.
The Pension Benefit Guaranty Corporation announced Tuesday that the yearly maximum guaranteed benefit for a 65-year-old retiree has increased to almost $57,500 from $56,000.
Nearly 85 percent of retirees who get their pension from PBGC receive the full amount of their promised benefit. In some cases, retirees can receive more than the PBGC maximum guarantee. (For more information, read the agency's "Making Sense of the Maximum Insurance Benefit.")
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