Concept information
Preferred term
Pension Benefit Guaranty Corporation
Definition
- The Pension Benefit Guaranty Corporation (PBGC) is a government body established by Title IV of the Employee Retirement Income Security Act of 1974 (ERISA) to ensure payment of pension plan benefits when the plans are terminated. The PBGC is headed by an executive director who reports to a board of directors. [Source: Encyclopedia of Business Ethics and Society; Pension Benefit Guaranty Corporation (PBGC)]
Broader concept
Belongs to group
URI
https://concepts.sagepub.com/social-science/concept/Pension_Benefit_Guaranty_Corporation
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