PBGC Guarantee Limit for Single-Employer Plans Increases for 2023

The Pension Benefit Guaranty Corporation (PBGC) announced that, as a result of the indexing rules provided in ERISA, the guarantee limits for single‑employer plans that fail in 2023 will be 8.79% higher than the limits that applied for 2022. A table showing the single-employer plan guarantee limits for various ages and payment forms is available on the PBGC's website.

The guarantee limits for multiemployer plans are not indexed and, therefore, have not changed.