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Good Morning. This is my first time posting to this board although I happened to stumble upon your post when I did a Motley search on pension plans. In any event, I have the answer to your question.

The Pension Benefit Guaranty Corp(PBGC) is a federal agency that protects employer-sponsored definted-benefit plans. Payments form these plans are insured by the PBGC up to a monthly maximum of $3051.14 for a worker who retires at age 65. This maximum amount is reduced if you begin receiving payments before age 65 or if your pension includes benefits for a survivor or other beneficiary.

Hope this helps. Good luck.
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