What is PENSION BENEFIT GUARANTY CORPORATION (PBGC)?

A corporation (federally chartered), which provides insurance for any benefits defined by the private sector pension funds.

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Related Legal Terms
BORROWING AUTHORITY OF PENSION BENEFIT GUARANTY CORPORATION (PBGC), EMPLOYEE PENSION BENEFIT PLAN, PENSION SHORTFALL, ORDINARY LIFE PENSION TRUST, PENSION PLAN, PENSION ADJUSTMENT, BENEFIT FORMULA, PENSION TRUST FUND, OCCUPATIONAL PENSION SCHEME, UNDERFUNDED PENSION PLAN


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