Mission

The Pension Benefit Guaranty Corporation protects the pension benefits of nearly 44 million Americans who participate in defined-benefit pension plans sponsored by private-sector employees.

The Pension Benefit Guaranty Corporation (PBGC) is a self-financing, wholly owned Government corporation subject to the Government Corporation Control Act (31 U.S.C. 9101-9109). The Corporation, established by title IV of the Employee Retirement Income Security Act of 1974 (29 U.S.C. 1301-1461), operates in accordance with policies established by its Board of Directors, which consists of the  Secretaries of Labor, Commerce, and the Treasury. The Secretary of Labor is Chairman of the Board. A seven-member Advisory Committee, composed of two labor, two business, and three public members appointed by the President, advises the agency on investment issues.


Outlays (in millions of dollars)

US_Department_of_Education_Outlay_Line_Graph

 

Year Outlay Year Outlay Year Outlay
1962   1991 -787 2020 -8,944
1963   1992 -655 2021 -3,645
1964   1993 -1,509 2022 2,479
1965   1994 -385 2023 40,162
1966   1995 -430 2024 13,439*
1967   1996 -851 2025 -3,672*
1968   1997 -1,197 2026 -4,955*
1969   1998 -1,217 2027 -5,767*
1970   1999 -665 2028 -6,432*
1971   2000 -1,145 2029 -6,770*
1972   2001 -1,068    
1973   2002 -965    
1974   2003 229    
1975 -34 2004 -247    
1976 -22 2005 94    
1977 -16 2006 -2,618    
1978 -32 2007 457    
1979 -39 2008 1,377    
1980 -27 2009 194    
1981 -29 2010 -1,333    
1982 -67 2011 -1,166    
1983 -10 2012 -368    
1984 -10 2013 -1,576    
1985 -19 2014 230    
1986 -106 2015 -1,064    
1987 -72 2016 -5,225    
1988 -278 2017 -4,766    
1989 -149 2018 -2,782    
1990 -680 2019 -5,628    
Source *estimate

Employee Counts

US_Department_of_Education_Employee_Count_Line_Graph

 

Year Count Year Count Year Count
1962   1991   2020 951
1963   1992   2021 949
1964   1993   2022 963
1965   1994   2023 975
1966   1995   2024 973
1967   1996      
1968   1997      
1969   1998 750    
1970   1999 737    
1971   2000 745    
1972   2001 755    
1973   2002 776    
1974   2003 793    
1975   2004 802    
1976   2005 806    
1977   2006 847    
1978   2007 847    
1979   2008 893    
1980   2009 847    
1981   2010 948    
1982   2011 978    
1983   2012 965    
1984   2013 963    
1985   2014 968    
1986   2015 947    
1987   2016 983    
1988   2017 953    
1989   2018 944    
1990   2019 948    
Source