Fact: Not true! The PBGC doles out only a FRACTION of the actual benefits owed if a company's pension plan fails.

The PBGC doesn't cover any of the major benefits like severance, vacation, or sick pay. All those benefits will disappear if your pension collapses.

Bottom line: You need to take charge of your own retirement!  Don’t count on the government OR your workplace to be your retirement watchdogs.  It’s up to you!  (And we’re here to help — see some of our other articles and tools, designed to do just that, below...)

More on taking charge of your retirement:

• Protect Your Nest Egg
• Calculating How Much You’ll Need Between Pension and Savings
• Catch Up On Your Retirement