Which the Following Statements About the Pension Benefit Guarantee Corporation

Which the following statements about the Pension Benefit Guarantee Corporation (PBGC) is FALSE?

A) The establishment of the PBGC insured pension benefits against the underfunding of plans by corporations.
B) Since its inception in 1974, the PBGC has never operated at a surplus.
C) The PBGC now operates on a risk-based premium plan where riskier (underfunded) pension plans pay higher premiums than less risky (fully funded) pension funds.
D) The PBGC has little regulatory power over the pension funds it insures.
E) The PBGC believes that although it currently has a deficit, it has sufficient funds because the obligations are paid over the beneficiary's lifetimes.