The defined benefit plans purchase insurance with the __________,which insures pension moneys in the event that the company goes bankrupt.

Question

Quizplus · Accepted Answer

PBGC stands for Pension Benefit Guaranty Corporation, and it is a government agency that provides insurance protection to defined benefit pension plans, ensuring that retirees receive their pension benefits if their employer goes bankrupt and is unable to fund the plan.

The Defined Benefit Plans Purchase Insurance with the __________,Which Insures