Most of you may know that the Mid-America Pension Rights Project (MAPRP) assists clients with pension issues, but you may not know that the MAPRP works closely with the Pension Benefit Guaranty Corporation (PBGC). The PBGC is the government entity that insures most private pension plans when a plan terminates. One of the most common reasons for plan termination is bankruptcy.
By working with the PBGC, the MAPRP hopes to improve the process, by making it easier for our clients to receive the benefit that may be owed to them. If you would like to read about the MAPRP’s interaction with the PBGC, please visit the PBGC 2015 report.