Definition: Pension Benefit Guaranty Corporation (PBGC)

Term: Pension Benefit Guaranty Corporation (PBGC)

Definition:A federal entity that insures the benefits of defined benefit pension plans. The PBGC is supposed to ensure that all plan participants receive their vested benefits, even in the event that the pension plan goes bankrupt.

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Course	Page Number
74 - Trends in Retirement Plans	14

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Pension Benefit Guaranty Corporation (PBGC)