{
  "slug": "pbgc-maximum-guarantee",
  "kind": "pbgcMaxGuarantee",
  "title": "PBGC maximum monthly guarantee",
  "definition": "The largest monthly benefit the PBGC guarantees to a participant in a single-employer plan that terminates in the plan year shown, for a straight-life annuity beginning at age 65, indexed under ERISA §4022(b)(3). Earlier commencement ages and joint-and-survivor forms are reduced by PBGC's published factors.",
  "regulation": "ERISA §4022(b)(3); 29 CFR §§4022.22–4022.23",
  "keyFormat": "planYear",
  "unit": "USD",
  "columns": [
    {
      "key": "maxGuarantee65",
      "label": "Maximum monthly guarantee, straight-life annuity at age 65",
      "unit": "$"
    }
  ],
  "cadence": {
    "kind": "annual",
    "rule": "Published annually; the value for a year is expected by December of the prior year. The latest year held here is 2026."
  },
  "source": {
    "name": "PBGC — Maximum monthly guarantee tables",
    "url": "https://www.pbgc.gov/workers-retirees/learn/guaranteed-benefits/monthly-maximum",
    "citation": "PBGC maximum monthly guarantee tables by year (ERISA §4022(b)(3); 29 CFR §4022.23), each year read from the page's own year selector"
  },
  "attested": {
    "on": "2026-09-09",
    "against": "PBGC 'Maximum monthly guarantee' page (pbgc.gov/workers-retirees/learn/guaranteed-benefits/monthly-maximum).",
    "how": "Every carried year read from PBGC's own page for that year through scripts/pbgcIngest.js: the page renders one year, and its year selector (a GET parameter, 1974-2026; --years lists the URLs) renders each prior year as a page of the same shape. 2026 from the current page (1 of 1); 2021-2025 from their per-year pages fetched 2026-09-09 (5 of 5, excerpts committed as the answer key), the age factors reproducing all 31 rows (ages 45-75) of each of the six years to the cent (21 rows, ages 45-65, when first attested 2026-09-09; ages 66-75 added and re-scored 2026-09-25). The 2021 hand transcription had read $6,034.08; the page says $6,034.09 — corrected the day the history was verified. Published since 2026-09-09."
  },
  "addin": {
    "fn": "aos_PbgcMaxGuarantee",
    "example": "=aos_PbgcMaxGuarantee(2026, 65)",
    "note": "The ActuarialOS Excel add-in is free and returns this series with one worksheet function."
  },
  "basis": null,
  "platform": "ActuarialOS carries this as a library series for the Excel add-in and this page; no live valuation run applies the guarantee.",
  "disclaimer": "Values on this page are transcribed from the cited source and checked against it by an automated instrument; the source governs. Confirm any figure against the notice before relying on it in signed work.",
  "contentHash": "f09bcb82691e04f7b2824233d11fe8469a50a8a2d8ae04742a58dc7ccb30c6dd",
  "current": {
    "key": 2026,
    "values": [
      7789.77
    ]
  },
  "rows": [
    {"key":2021,"values":[6034.09]},
    {"key":2022,"values":[6204.55]},
    {"key":2023,"values":[6750]},
    {"key":2024,"values":[7107.95]},
    {"key":2025,"values":[7431.82]},
    {"key":2026,"values":[7789.77]}
  ]
}