PBGC FY 2024 Projections Report Shows Improved Insurance Outlook

PBGC Press Releases

Published January 27th, 2026

Detected March 14th, 2026

Summary

The Pension Benefit Guaranty Corporation (PBGC) released its Fiscal Year 2024 Projections Report, indicating an improved financial outlook for its Multiemployer and Single-Employer pension insurance programs. The report projects the Multiemployer Program will remain solvent for 40 years, and the Single-Employer Program's net position is expected to grow significantly.

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What changed

The Pension Benefit Guaranty Corporation (PBGC) has released its Fiscal Year 2024 Projections Report, detailing a positive financial outlook for its pension insurance programs. The report projects the Multiemployer Program will maintain solvency for the next 40 years, an improvement from previous projections. The Single-Employer Program's net position is forecast to increase from $54 billion in 2024 to an average of $105 billion by 2034, with no anticipated negative net position within the next decade.

This report serves as an informational update on the financial health of PBGC's insurance programs, which protect approximately 30 million workers and retirees. While no immediate compliance actions are mandated by this report, employers and public companies involved in defined benefit pension plans should be aware of the agency's financial stability and the long-term outlook for these vital retirement security programs. The report is based on data as of September 30, 2024.

Source document (simplified)

This page has not been translated. Please go to PBGC.gov's Spanish home page for more information available in Spanish.

Esta página no ha sido traducida. Por favor vaya a la página principal del sitio de español de PBGC para ver información disponible en español.

PBGC’s FY 2024 Projections Report shows improved outlook for insurance programs

For Immediate Release Date

January 27, 2026

WASHINGTON — The Pension Benefit Guaranty Corporation (PBGC) today released the agency’s Fiscal Year 2024 Projections Report, which shows an improved financial outlook for both its Multiemployer and Single-Employer pension insurance programs. Together, these programs protect about 30 million workers and retirees in private sector defined benefit pension plans.

The Projections Report provides a 10-year projected financial outlook for the agency’s two insurance programs. The report also provides additional projections over 40 years for the Multiemployer Program.

Multiemployer Program Projected to Stay Solvent

Projections indicate the Multiemployer Insurance Program is likely to remain solvent for the next 40 years. Projected outcomes in this year’s report improved from last year’s projections, driven by an improved outlook for the plans covered by PBGC’s insurance program.

Single-Employer Program Net Position Projected to Grow

The new projections show that the net position of the PBGC’s Single-Employer Program is expected to grow throughout the 10-year projection period – from $54 billion, as of September 30, 2024, to an estimated average of $105 billion in 2034. PBGC’s model shows the Single-Employer Program is financially secure and will not enter a negative net position within the next 10 years.

About PBGC

PBGC protects the retirement security of about 30 million American workers, retirees, and beneficiaries in both single-employer and multiemployer private sector pension plans. The agency’s two insurance programs are legally separate and operationally and financially independent. PBGC is directly responsible for the benefits of nearly 1.4 million participants and beneficiaries in failed single-employer pension plans. The Single-Employer Program is financed by insurance premiums, investment income, and assets and recoveries from failed single-employer plans. The Multiemployer Program is financed by insurance premiums and investment income. Special financial assistance for financially troubled multiemployer plans is financed by general taxpayer monies.

Press Release Number: 26-001