Which of the following statements is true about the Pension Benefit Guaranty Corporation (PBGC) ?
A) It was created by the Consolidated Omnibus Budget Reconciliation Act (COBRA) of 1985.
B) It provides a complete benefit replacement.
C) It guarantees healthcare benefits.
D) It is funded by a monthly contribution from each plan participant.
E) It does not allow payouts to be adjusted for cost-of-living changes.
Correct Answer:
Verified
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