The annual maximum benefit guarantee for single-employer participants by the Pension Benefit Guaranty Corp. will increase to $60,136 in 2015, up from $59,318.
Congress mandated the increase, which will not be retroactively applied to plans terminated before 2015.
The guarantee for multiemployer plans has not changed, according to the PBGC.
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Nick Thornton
Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.
