Employers with well-established pension plans may choose to opt out of the insurance program managed by the Pension Benefit Guarantee Corporation (PBGC).

Question

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The Pension Benefit Guaranty Corporation (PBGC) is a mandatory federal insurance program that covers defined benefit pension plans. Employers cannot opt out of PBGC coverage if they offer these types of plans.

Employers with Well-Established Pension Plans May Choose to Opt Out