Pension Benefit Guaranty Corporation (PBGC): A Fact Sheet
Description:
The Pension Benefit Guaranty Corporation (PBGC) is a federal government agency established in 1974 by the Employee Retirement Income Security Act (ERISA; P.L. 93-406). It was created to protect the pensions of participants and beneficiaries covered by private sector, defined benefit (DB) plans. The PBGC is chaired by the Secretary of Labor, with the Secretaries of the Treasury and Commerce serving as board members. In the 112th Congress, an amendment offered by Senate Majority Leader Harry Reid…
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Date:
April 16, 2012
Creator:
Topoleski, John J.
Item Type:
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Partner:
UNT Libraries Government Documents Department