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New York
  • PBGC protects the defined benefit pensions of nearly 2.4 million workers and retirees living in the state.
  • There are 3,837 PBGC-insured defined benefit plans sponsored by state-based businesses.
  • PBGC has taken responsibility for 420 failed plans of state-based businesses.
  • In 2007, PBGC paid more than $190 million in retirement benefits to nearly 34,200 retirees and beneficiaries living in the state.