Who Needs the PBGC?
Emergency Preparedness – Who Needs the PBGC?
United Airlines employees are currently asking: “If my employer can’t afford my retirement benefits, who will take care of me?”
The answer, of course, is the PBGC (Pension Benefit Guarantee Corporation).
Currently holding about $33.2 billion in assets, a little known arm of the US Government is ready to insure benefits for qualified retirees if their company goes under.
The future appears secure until one recognizes that the airline industry alone has over $55 billion in needed retirement trust funds, and most airline pensions are currently under funded.
We always want someone else to be responsible, when the gospel teaches self-reliance and continuing trust in the Lord. His servants remind us to get out of debt, live within our budgets and be home productive in filling our needs. It also requires faith in Him, something that all of the resources of the PBGC cannot provide. Faith can get us through if we trust in the Lord and do as He directs.
Invest in your future each day by cultivating faith-building experiences. That’s being prepared.
For more information contact (your emergency preparedness specialist0.
CATCH THE VISION, GET FACTS, DEVELOP SKILLS, AND BE PREPARED.