The ________ was created by the federal government to insure defined benefit plans and provides pensions to employees at a maximum amount per year.

Question

Quizplus · Accepted Answer

The Pension Benefit Guaranty Corporation (PBGC) was established by ERISA to insure defined benefit pension plans and provide pensions to employees up to a certain amount per year if their plan ends. The PBGC was expanded by the Pension Protection Act (PPA) in 2006 to strengthen its ability to protect pension benefits. COBRA and the Older Workers Retirement Protection Act are unrelated to the PBGC.

The ________ Was Created by the Federal Government to Insure