Pension Benefit Guaranty Corporation: 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. 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 §40…
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Date:
January 29, 2008
Creator:
Topoleski, John J.
Item Type:
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Partner:
UNT Libraries Government Documents Department