Investor Glossary-pension benefit guaranty corporationInvestor Glossary-pension benefit guaranty corporationInvestor Glossary-pension benefit guaranty corporationInvestor Glossary-pension benefit guaranty corporationInsightful stock market charts - Click here
investor
Categories    # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Pension Benefit Guaranty Corporation

The HTML to link to this page
 

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...

Learn about investing with the Investor Glossary Term of the Day


Click here for insightful stock market charts. Where is the market headed? The answer may surprise you. Find out
with the exclusive & Barron's recommended charts of Chart of the Day.


Popular Terms: ex-dividend, in escrow, 1031 exchange, inflation, 1035 exchange, wholly-owned subsidiary, minority interest, debt service coverage, balance sheet, cancelled check, required rate of return, covered put, option premium, stock market close, deferred tax, Zero Cost Collar, Key Rate Duration, ex-dividend date, average price per share, VIX, LIBOR, quality assurance, class C shares, FICO score, current ratio, implied volatility, stock split, 401a, reverse mortgage, limit order, command economy, real GDP, 144a, APR, annual return, dividends payable, open position, per diem, phantom income, margin rate, FTSE, labor relations, deferred revenue, EBITDA, risk management, retained earnings, liquidity ratio, diluted share, irrevocable trust


Accounting | Banking | Bonds | Brokers | Economy | Futures | Mutual Funds | Options | Real Estate | Retirement | Stocks | Taxes | Technical Analysis
Investor Glossary | Term of the Day | Suggest a Term | Chart of the Day | Dogs of the Dow
©2004-2016 Investor Glossary - All rights reserved - Terms of Use