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Michigan
- PBGC protects the defined benefit pensions of about 1.5 million workers and retirees living in the state.
- There are 1,129 PBGC-insured defined benefit plans sponsored by state-based businesses.
- PBGC has taken responsibility for 295 failed plans of state-based businesses.
- In 2006, PBGC paid about $149.2 million in retirement benefits to more than 25,000 retirees and beneficiaries living in the state.
