Fyi...
If you have a pension with one of the big corporations and you are depending on the PBGC, you're going to have some challenges. One of the programs my firm offers is a "pension" transfer from a traditional corporate pension (most of whose funds are significantly under funded or broke) to a guranteed pension using life insurance products. This is old stuff and was pretty "unmarketable" three years ago due ot low rates of return. Now they are a hot item even at 4-5% return since due to market conditions and the potential for PBGC to increase insurance rates and low benefits (maximum $3,664.77 per month ($43,977.24 yearly) for a participant retiring at age 65).
The "low benefits" are in respect to mid and upper level managers that are currently recieving much higher pension promises. The number may go lower as more company pension plans evaporate and the load on the system increases. This will potentially drive that maximum number down to where it will start hurting the blue collar and lower level white collar worker.
So all in all, the next 15 to 20 years will see social security and PBGC either tank or cause extrodinary (and conficatory) increases in federal payroll taxes.