Federal agency created by ERISA in 1974 to guarantee benefits of defined benefit plans. Employers sponsoring Defined Benefit Plans pay premiums to PBGC. (Pension Benefit Guarantee Corporation)

Pension Benefit Guaranty Corp

Pension Benefit Guaranty Corporation - A non-profit organization established by ERISA to provide basic minimum insurance against the loss of primary pension benefits in the event of a pension plan termination. This only applies to defined benefit plans, not defined contribution plans.

The Pension Benefit Guaranty Corporation, a federal government agency that insures private defined benefit pension plans.

Pension Benefit Guaranty Corporation. A federal agency established as part of ERISA to monitor pension plans and ensure that the vested benefits are fully funded. It acts also as a guarantor for pension participants in plans that become insolvent.

Pension Benefit Guaranty Corporation. A federal agency established by Title IV of ERISA for the insurance of defined benefit pension plans. The PBGC provides payment of pension benefits if a plan terminates and is unable to cover all required benefits.

Pension Benefit Guarantee Corp. The PBGC is a guarantee fund, established by ERISA, which covers all defined benefit pension plans. Companies with a defined benefit plan must pay premiums into this fund according to the number of employees in the plan and the current ratio of assets to liabilities in the plan.

Pension Benefit Guaranty Corporation. an entity established under ERISA to guarantee certain benefits for participants in defined benefit plans of companies with over 25 participants.

Pension Benefit Guaranty Corporation. A nonprofit corporation, functioning under the jurisdiction of the Department of Labor, that is responsible for insuring pension benefits.

Pension Benefit Guaranty Corporation. A federal agency that insures the vested benefits of pension plan participants. Established in 1974 by ERISA legislation.

Pension Benefit Guaranty Corporation. In the United States, a federal corporation that is responsible for guaranteeing the payment of retirement benefits for participants in defined benefit retirement plans when those plans become financially unable to pay benefits. See also Employee Retirement Income Security Act (ERISA).

See Pension Benefit Guaranty Corporation.

Pension Benefit Guaranty Corporation. A federal corporation 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.

Pension Benefit Guarantee Corporation. A Federal Corporation which guarantees that vested participants in private pension plans will receive some pension benefits even if a pension plan becomes bankrupt.

Pension Benefit Guaranty Corporation. Per Capita

Pension Benefit Guaranty Corporation. Created by ERISA to protect participants' (in certain pension plans) benefits in case of plan insolvency or dissolution.

Pension Benefit Guaranty Corporation. PBGC was created by Congress to insure payment of certain pension plan benefits in the event a covered (that is, private-sector defined benefit) plan terminates with insufficient funds to pay the benefits. Covered plans or their sponsors must pay annual premiums to PBGC to provide funds from which guaranteed benefits can be paid.

Pension Benefit Guaranty Corporation. In the United States, the organization that insures benefits in defined benefit pension plans. Its purpose is to make sure that all participants in qualified defined benefit pension plans receive the vested benefits to which they are entitled, even if their pension fund goes bankrupt.

Pension Benefit Guaranty Corporation. A public, nonprofit insurance fund that provides some limited coverage against bankrupt pension funds. Should a pension fund be unable to pay all its obligations to its retirees, the PBGC may pay some of the pension fund's unfulfilled obligations. The PBGC covers only defined benefit retirement plans and only vested benefits.