_____ guarantees to pay employees a basic retirement benefit in the event that financial difficulties force a company to terminate or reduce employee pension benefits.

Question

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In the event of severe financial difficulties that force a company to terminate or reduce employee pension benefits, the Pension Benefit Guaranty Corporation (PBGC)provides some protection of benefits. The PBGC guarantees a basic benefit, not necessarily complete pension benefit replacement, for employees who were eligible for pensions at the time of termination.

_____ Guarantees to Pay Employees a Basic Retirement Benefit in the Event