Which of the following is the organization that lays claim to corporate assets to pay or fund inadequate pension programs?

Question

Quizplus · Accepted Answer

The organization that lays claim to corporate assets to pay or fund inadequate pension programs is the Pension Benefit Guaranty Corporation (PBGC). SPD (Summary Plan Description), HIPPA (Health Insurance Portability and Accountability Act), IRA (Individual Retirement Account), and ERISA (Employee Retirement Income Security Act) are all related to retirement and employee benefit plans, but they do not have the power to lay claim to corporate assets.

Which of the Following Is the Organization That Lays Claim