This information page is offered as a service to workers and retirees who have questions about their PBGC-insured benefits. The PBGC is not commenting on the outcome of Chrysler's bankruptcy or suggesting that Chrysler's pension plans will be assumed by the PBGC.

On April 30, 2009, Chrysler Corporation filed for bankruptcy protection. This action does not change the status of the defined benefit pension plans sponsored by Chrysler for its workers and retirees. The plans remain ongoing and are insured by the Pension Benefit Guaranty Corporation.  As the bankruptcy process unfolds, the PBGC will work with Chrysler, its unions, and all other stakeholders to ensure continuation of the pension plans.

Benefits in the Chrysler pension plans are guaranteed up to the limits set by law.  Unless and until the PBGC takes responsibility for your plan, we cannot answer specific questions about individual benefit amounts or possible reductions. For information on the status of your benefit, contact your plan administrator.

Chrysler workers and retirees who have questions about the PBGC or who are concerned about the impact of a possible pension termination should consult the information below.

• Statement of PBGC Acting Director Vince Snowbarger on Chrysler Bankruptcy
• PBGC, Daimler Agree on $600 Million Cash Infusion into Chrysler Pensions
• Acting Director Snowbarger Detroit Television Interview
• Of special interest to auto workers is this radio interview with PBGC Acting Director Vince Snowbarger.
• For general information about the PBGC, its benefit guarantees and legal limits on those benefits, see these frequently asked questions.
• Answers to questions from Chrysler workers and retirees.
• ''Introduction to the PBGC," a video and interactive frequently asked questions designed for individuals whose pension plan has been assumed by the PBGC.