The Pension Benefit Guarantee Corporation (PBGC) covers only ____ pension plans.

Name: The Pension Benefit Guarantee Corporation (PBGC) covers only ____ pension plans.
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PBGC covers only defined-benefit pension plans, which are traditionally employer-funded and provide a specific benefit amount to employees upon retirement. Other types of retirement plans, such as defined-contribution plans (e.g. 401(k)) and individual retirement accounts (IRAs), are not covered by PBGC.

The Pension Benefit Guarantee Corporation (PBGC) Covers Only ____ Pension