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Virginia
  • PBGC protects the defined benefit pensions of nearly 875,000 workers and retirees living in the state.
  • There are 606 PBGC-insured defined benefit plans sponsored by state-based businesses.
  • PBGC has taken responsibility for 48 failed plans of state-based businesses.
  • In 2008, PBGC paid more than $79 million in retirement benefits to more than 13,300 retirees and beneficiaries living in the state.