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The Pension Benefit Guaranty Corporation (PBGC) is a United States federally chartered corporation created by the Employee Retirement Income Security Act of 1974 (ERISA) to encourage the continuation and maintenance of voluntary private defined benefit pension plans, provide timely and uninterrupted payment of pension benefits, and keep pension insurance premiums at the lowest level necessary ...
PBGC's 2021 annual report reflected the impact of SFA, and the agency reported positive financial positions in both its single-employer and multiemployer insurance programs for the first time in over 20 years. [17] [18] As a result, the Government Accountability Office (GAO) removed PBGC from its High-Risk List for the first time since 2003. [19]
The Supreme Court handed a crucial victory today to the troubled Federal agency that insures the nation's private pension plans, giving it the power to make an employer take back responsibility for pension obligations. The ruling will provide needed relief for the agency, the Pension Benefit Guaranty Corporation.
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Nightly Business Report (January 21, 1979 – December 27, 2019; distributed by American Public Television) [9] BBC OS (TV Only) (January 1, 2020 – March 30, 2023) BBC World News America (June 1, 2019 – June 30, 2023; but continues on most PBS and non-commercial independent stations after leaving PBS)
Editor's note: This page reflects news from Friday, Jan. 31. For the latest updates on the plane crash, please read USA TODAY's coverage of the investigation on Saturday, Feb. 1.. WASHINGTON ...
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