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Pension Benefit Guaranty Corporation: Difference between revisions
Pension Benefit Guaranty Corporation (view source)
Revision as of 00:16, 21 January 2025
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{{Organization | |||
|OrganizationName=Pension Benefit Guaranty Corporation | |||
|OrganizationType=Government Corporations | |||
|Mission=The Pension Benefit Guaranty Corporation (PBGC) protects the retirement incomes of American workers in private-sector defined benefit pension plans. It does this by ensuring that participants receive their earned pension benefits when their pension plans are unable to pay due to the termination of the plan by the employer. | |||
|CreationLegislation=Employee Retirement Income Security Act of 1974 (ERISA) | |||
|Employees=895 | |||
|Budget=$2.6B (FY 2023) | |||
|OrganizationExecutive=Director | |||
|Services=Pension benefit insurance; Pension plan termination management; Benefit payment administration; Financial assistance to multiemployer plans | |||
|Regulations=Oversight of pension plan terminations; Establishment of insurance premiums; Determination of benefit guarantees | |||
|HeadquartersLocation=38.90234, -77.02857 | |||
|HeadquartersAddress=1200 K Street NW, Washington, DC 20005, USA | |||
|Website=https://www.pbgc.gov/ | |||
}} | |||
{{Short description|American government-owned company}} | {{Short description|American government-owned company}} | ||
{{Infobox government agency | {{Infobox government agency | ||
| agency_name = Pension Benefit Guaranty Corporation (United States) | | agency_name = Pension Benefit Guaranty Corporation (United States) | ||