Pension Benefit Guaranty Corporation (PBGC) — Salaries & Pay 2026
PBGC employs 900 civilian FTE (OMB, FY2024). PBGC's verified average salary is $153,193/year (OPM FedScope, 2026).
FTE Source: OMB Analytical Perspectives, FY2027 Budget, Table 5-1 • Salary Source: OPM FWD, April 2026
PBGC Pay at a Glance
Employment and salary benchmarks from OMB and OPM official publications.
The Pension Benefit Guaranty Corporation employed 900 civilian FTE as of FY2024 (OMB). The verified average salary for PBGC is $153,193/year as of 2026 (OPM FedScope). Use our GS Pay Calculator for your exact salary by grade, step, and location.
FTE = full-time equivalent; part-time employees count fractionally. Salary is base pay + locality pay; excludes benefits. View agency salary detail on OPM FedScope →
PBGC Employment Overview
| Metric | Value | Source & Notes |
|---|---|---|
| Civilian FTE (FY2024) | 900 | OMB Analytical Perspectives FY2027 Budget, Table 5-1 (2024 Actual). FTE, not headcount. |
| Avg Agency Salary | $153,193 | OPM EHRI Employment Snapshot, REDACTED records excluded. Base + locality pay; excludes benefits. |
| Pay system | General Schedule (GS) + others | Most PBGC civilians on GS (15 grades x 10 steps). Some on SES, SL/ST, wage grade, or special rate tables. |
| Pay period | Biweekly (26x/yr) | Divide annual salary by 26 for biweekly gross pay. |
| Locality pay | 17.06% – 46.34% | Varies by duty station across 58 OPM pay areas. Rate x base pay = locality supplement. |
| Pay cap (2026) | $197,200 | Executive Schedule Level IV. Applies to GS employees whose locality-adjusted salary would exceed this amount. |
Common Occupations at PBGC
Major occupational categories employed at Pension Benefit Guaranty Corporation. Actual pay for each category depends on GS grade, step, and duty station. Use the GS Pay Calculator for a personalized figure.
- →Actuaries & pension analysts
- →Financial analysts & accountants
- →Attorneys & legal counsel
- →IT & data systems
- →Program analysts & economists
About Pension Benefit Guaranty Corporation
Federal agency protecting the pension benefits of ~33 million American workers in private-sector defined-benefit pension plans. Insures about 25,000 single-employer and 1,400 multiemployer plans. PBGC is funded by insurance premiums from sponsors of covered plans, not Congressional appropriations. High average salary reflects a workforce of actuaries, attorneys, and financial analysts.
Calculate Your Exact PBGC Salary
Your actual pay depends on your GS grade, step, and duty station locality. Use our free calculator for an instant, accurate result.
PBGC Pay — Frequently Asked Questions
What is the average salary at the Pension Benefit Guaranty Corporation?
The verified average salary at PBGC is $153,193 as of 2026, based on OPM EHRI Employment Snapshot data where REDACTED records are excluded. Use our GS Pay Calculator to find your exact salary based on grade, step, and duty station.
How many employees does the PBGC have?
The Pension Benefit Guaranty Corporation employed 900 full-time equivalent (FTE) civilian employees as of FY2024, per the OMB Analytical Perspectives FY2027 Budget Table 5-1. FTE figures count part-time employees as fractions of a full-time position.
How is federal pay determined at PBGC?
Federal civilian pay is set by the General Schedule (GS) pay system for most employees. Pay = Base Pay (by grade and step) × (1 + Locality Rate). PBGC employees in different metropolitan areas receive different locality adjustments — from 17.06% (Rest of U.S.) to 46.34% in San Jose-San Francisco. Use our GS Pay Calculator to find your rate.
Do PBGC employees receive federal benefits?
Yes. PBGC employees receive the full federal benefits package: FERS retirement (pension + Social Security + TSP with agency match), FEHB health insurance, FEGLI life insurance, Federal Dental and Vision (FEDVIP), and flexible spending accounts. Use our FERS Retirement Calculator to estimate your retirement income.
What is the FERS retirement benefit for PBGC employees?
FERS pension = High-3 Average Salary × Years of Service × 1% (or 1.1% if you retire at 62+ with 20+ years). For example, a PBGC employee with a $100,000 High-3 salary and 30 years of service would receive $30,000/year ($2,500/month) in FERS pension, plus Social Security and TSP savings. Use our FERS Retirement Calculator for a personalized estimate.
Other Federal Agency Pay Pages
Salary benchmarks and employment data for every major federal agency.
Data Accuracy Notice: FTE figures are from the OMB Analytical Perspectives FY2027 Budget (Table 5-1, 2024 Actual), a U.S. government official publication. Salary figures come from OPM's Federal Workforce Data portal (April 2026). Agency-specific averages are shown only when the public EHRI records are representative; redaction-limited agencies use the government-wide benchmark. This page does not constitute financial or career advice. Always verify current pay rates with your agency HR office and OPM.gov.