Maximum Benefits for 2016
The annual maximum guaranteed benefit for a 65-year-old retiree in a single-employer plan remains at $60,136 for 2016. The guarantee for multiemployer plans also remains unchanged.  The multiemployer guarantee structure has two tiers, providing 100 percent coverage up to a certain level, and 75 percent coverage above that level, and it is based on years of service. For a retiree with 30 years of service, the current annual limit is 100 percent of the first $3,960 and 75 percent of the next $11,760 for a total guarantee of $12,870. This limit has been in place since 2001.

These are maximums that PBGC insures. Depending on the assets in the plan, and other factors, it is possible that PBGC will actually pay more than the stated maximum.