Pension Guarantee Benefit Corporations and Cobra Benefits
- The American Recovery and Reinvestment Act extends COBRA periods for PBGC recipients if the COBRA-qualifying event is a involuntary termination or a reduction in hours
- The COBRA benefit period will be for the employee’s life. Plus, surviving dependents will have an additional 24 months.
- The Cobra period ends once you are Medicare eligible
Questions can be directed to the Federal Department of Labor and/or www.pbgc.gov