What is the Definition of Pension Benefit Guaranty Corporation?

What is the Definition of Pension Benefit Guaranty Corporation?

An independent federal government agency that administers the Pension Plan Termination Insurance program to ensure that vested benefits of employees whose pension plans are being terminated are paid when they come due. Only defined benefit plans are covered. Benefits are paid up to certain limits.

Source: Insurance Handbook A guide to insurance: what it does and how it works | https://www.iii.org/

Label: Insurance
Theme: Dictionary of Insurance Terms

Other Questions: What is the definition of Annuity?

What is the Definition of Pension Benefit Guaranty Corporation?

You can find random definition and meaning of insurance terms below:


What is the meaning of Expiration Date

This date, found on your declarations page, indicates when your policy coverage runs out. Your renewal policy will start on this date.


What is the meaning of Field Adjuster

An insurance adjuster who works primarily outside of an office and often meets personally with the public. Field adjusters can conduct face-to-face meetings, negotiations with claimants, scene investigations, and damage inspections.


What is the meaning of Financed Car

A vehicle financed by a loan. The lender retains a lien on the auto until it has been paid off.


Thank you for visiting our website and read this FAQ article about "What is the Definition of Pension Benefit Guaranty Corporation?". We hope you get what you searching for.

definitionly.com is a website that contains information about the definition or meaning of a word. You can search for the terms you are looking for in the search field above.

Related Posts

Subscribe Our Newsletter