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New Jersey
  • PBGC protects the defined benefit pensions of about 1.2 million workers and retirees living in the state.
  • There are 1,682 PBGC-insured defined benefit plans sponsored by state-based businesses.
  • PBGC has taken responsibility for 196 failed plans of state-based businesses.
  • In 2006, PBGC paid about $67.4 million in retirement benefits to more than 12,900 retirees and beneficiaries living in the state.