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Texas
  • PBGC protects the defined benefit pensions of nearly 1.9 million workers and retirees living in the state.
  • There are 1,250 PBGC-insured defined benefit plans sponsored by state-based businesses.
  • PBGC has taken responsibility for 113 failed plans of state-based businesses.
  • In 2007, PBGC paid more than $87.2 million in retirement benefits to nearly 17,100 retirees and beneficiaries living in the state.