Which of the following statements is true about the pension benefit guaranty corporation (pbgc)?
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Show What is the purpose of the Pension Benefit Guaranty Corporation PBGC )?The Pension Benefit Guaranty Corporation (PBGC) protects the retirement incomes of over 33 million American workers in private sector defined benefit pension plans. A defined benefit plan provides a specified monthly benefit at retirement, often based on a combination of salary and years of service.
Which of the following is true about a defined benefit plan quizlet?Which of the following statements is TRUE of a defined benefit plan? Under a defined benefit plan, the amount of retirement benefit is fixed and the employee knows the amount.
What PBGC means?PBGC - The Pension Benefit Guaranty Corporation, the federal government agency that insures private defined benefit plans.
Are insured by the Pension Benefit Guaranty Corporation PBGC?The Pension Benefit Guaranty Corporation (PBGC) insures certain defined benefit pension plans offered by private-sector employers. PBGC protects single-employer pension plans and multiemployer pension plans in separate insurance programs.
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