Pension Benefit Guaranty Corporation: A Fact Sheet Metadata
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Title
- Main Title Pension Benefit Guaranty Corporation: A Fact Sheet
Creator
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Author: Topoleski, John J.Creator Type: PersonalCreator Info: Domestic Social Policy Division
Publisher
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Name: Library of Congress. Congressional Research Service.Place of Publication: Washington D.C.
Date
- Creation: 2008-01-29
Language
- English
Description
- Content 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. These pension plans provide a specified monthly benefit at retirement, usually either a percent of salary or a flat dollar amount multiplied by years of service. Defined contribution plans, such as §401(k) plans, are not insured. The PBGC is chaired by the Secretary of Labor, with the Secretaries of Treasury and Commerce serving as board members.
- Physical Description: 2 pages.
Subject
- Legislative Indexing Vocabulary: Pensions
- Legislative Indexing Vocabulary: Labor
- Legislative Indexing Vocabulary: Aged
- Legislative Indexing Vocabulary: Retirement
Collection
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Name: Congressional Research Service ReportsCode: CRSR
Institution
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Name: UNT Libraries Government Documents DepartmentCode: UNTGD
Resource Type
- Report
Format
- Text
Identifier
- Accession or Local Control No: 95-118_2008Jan29
- CRS Report Number: 95-118
- Archival Resource Key: ark:/67531/metadc26069