Pension Benefit Guaranty Corporation

by lakemen » Sat Jul 08, 2006 10:26 am
Posts: 1260
Joined: 18 May 2005

Pension Benefit Guaranty Corporation

An independent federal government agency that administers the Pension Plan Termination Insurance program to ensure that vested benefits of employees whose pension plans are being terminated are paid when they come due. Only defined benefit plans are covered. Benefits are paid up to certain limits.

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