    

|
|
|
|
Pension Benefit Guaranty Corporation
|
The Pension Benefit Guaranty Corporation is a Federal corporation that protects the pensions of Americans workers. In 2005, the Pension Benefit Guaranty Corporation safeguarded the pensions of 44 million Americans covered in 31 thousand private single employer and multiemployer pension plans. If a pension plan is terminated, the Pension Benefit Guaranty Corporation provides pensions at the normal retirement age to covered workers. The Pension Benefit Guaranty Corporation is funded by insurance premiums set by Congress and paid by pension sponsors. In the early 21st century, many observers believed the Pension Benefit Guaranty Corporation was in crisis. The number of companies terminating their pension plans was on the upswing, impairing the financial position of the Pension Benefit Guaranty Corporation. Moreover, many of the pension plans covered by the Pension Benefit Guaranty Corporation were underfunded, increasing the risk of termination. Solutions to the problems facing the Pension Benefit Guaranty Corporation, including pension reform and a taxpayer bailout, were proposed. But it seemed likely that the Pension Benefit Guaranty Corporation would remain under substantial pressure for some time.
Rate this Pension Benefit Guaranty Corporation definition...
|
|
Where is the market headed? The answer may surprise you. Find out right now with the exclusive & Barron's recommended charts of Chart of the Day.
|
Popular Terms: EBITDA, liquidity ratio, 401a, deferred tax, command economy, 144a, per diem, margin rate, deferred revenue, required rate of return, cancelled check, open position, stock split, ex-dividend, implied volatility, in escrow, irrevocable trust, limit order, quality assurance, risk management, 1035 exchange, Key Rate Duration, class C shares, current ratio, Zero Cost Collar, 1031 exchange, wholly-owned subsidiary, VIX, reverse mortgage, retained earnings, phantom income, option premium, minority interest, labor relations, ex-dividend date, covered put, real GDP, LIBOR, inflation, dividends payable, diluted share, debt service coverage, balance sheet, APR, equities, average price per share, FICO score, FTSE, stock market close
|
|
|
|