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The Pension Benefit Guaranty Corporation (PBGC) is a United States federally chartered corporation created by the Employee Retirement Income Security Act of 1974 (ERISA) to encourage the continuation and maintenance of voluntary private defined benefit pension plans, provide timely and uninterrupted payment of pension benefits, and keep pension insurance premiums at the lowest level necessary ...
The Pension Benefit Guaranty Corporation (PBGC) is a federal corporation created under the Employee Retirement Income Security Act of 1974. It currently guarantees payment of basic pension benefits earned by 44 million American workers and retirees participating in over 29,000 private-sector defined benefit pension plans.
PBGC may initiate proceedings to terminate a single-employer plan if it determines one of the following: The employer has not made its minimum required contributions to the plan. The plan will not be able to pay benefits when due. PBGC's long-term cost can be expected to be unreasonably higher if it does not terminate the plan.
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Israeli Prime Minister Benjamin Netanyahu successfully underwent surgery to have his prostate removed, hospital officials said Sunday.. The 75-year-old leader, who has had a series of health ...
PBGC's 2021 annual report reflected the impact of SFA, and the agency reported positive financial positions in both its single-employer and multiemployer insurance programs for the first time in over 20 years. [17] [18] As a result, the Government Accountability Office (GAO) removed PBGC from its High-Risk List for the first time since 2003. [19]