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Workers & Retirees

Annual Funding Notice for Defined Benefit Pension Plans

If you have a defined benefit pension, you may have recently received an Annual Funding Notice (AFN) from your pension plan.

Employers are required to send this notice each year to everyone covered by their pension plan.  The notice does not mean that your plan is ending or that PBGC is taking over payment of your benefit.  Your plan continues to be sponsored by your employer and insured by PBGC. 

The AFN provides you with information about:

  • How well your plan is funded
  • The value of your plan's assets and liabilities
  • How your plan's assets are invested
  • The legal limits on how much PBGC can pay if your plan ends

PBGC does not have specific information about your pension plan or the benefit you have earned.  If you have questions about your plan or benefit, or about the AFN you received, please contact the administrator of your plan using the contact information given you in the notice.  

If you have general questions about PBGC and the benefits we guarantee, see Your Guaranteed Pension.

Additional information from the Department of Labor (DOL):

If you have general questions about PBGC and the benefits we guarantee, please visit