The Pension Benefit Guarantee Corporation (PBGC) is a federal agency created to protect the retirement incomes of American workers in private-sector defined benefit pension plans.
Allocated benefits in a defined-benefit pension plan ensure guaranteed pensions for employees as premiums are received and paid up, securing their retirement even if the employer goes out of business.
A comprehensive act that establishes minimum standards for pension and health plans in private industry to provide protection for individuals in these plans.
Discover what joint-life payouts are, how they work, and their benefits in ensuring financial security for your surviving spouse after your demise.
