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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 ...
Importantly, the law established the Pension Benefit Guaranty Corporation, a federally sponsored insurance fund that safeguards workers when pension plans go up in smoke.
Gordon Hartogensis (born June 17, 1970) is an American businessman, investor, and government official who served as the Director of the Pension Benefit Guaranty Corporation (PBGC) from 2019 to 2024. [1] [2]
PBGC's long-term cost can be expected to be unreasonably higher if it does not terminate the plan. A termination initiated by the PBGC is sometimes called an involuntary termination. The benefits paid by the PBGC after a plan termination may be less than those promised by the employer. See Pension Benefit Guaranty Corporation for details.
If you have concerns about your pension plan’s provider, it’s important to know that the Pension Benefit Guaranty Corporation (PBGC) typically insures your pension. This federal agency ...
CACI International won a significant contract Thursday, when the U.S. Pension Benefit Guaranty Corporation -- the quasi-governmental agency that takes over and runs corporate pension funds when a ...
The Pension Benefit Guaranty Corporation (PBGC) is a federal corporation created under the Employee Retirement Income Security Act of 1974. It currently guarantees payment of basic pension benefits earned by 44 million American workers and retirees participating in over 29,000 private-sector defined benefit pension plans.
Pages in category "Pension Benefit Guaranty Corporation" The following 10 pages are in this category, out of 10 total. This list may not reflect recent changes .