PENSION BENEFIT GUARANTY CORPORATION (PBGC)
\pˈɛnʃən bˈɛnɪfˌɪt ɡˈaɹənti kˌɔːpəɹˈe͡ɪʃən pˌiːbˌiːd͡ʒˌiːsˈiː], \pˈɛnʃən bˈɛnɪfˌɪt ɡˈaɹənti kˌɔːpəɹˈeɪʃən pˌiːbˌiːdʒˌiːsˈiː], \p_ˈɛ_n_ʃ_ə_n b_ˈɛ_n_ɪ_f_ˌɪ_t ɡ_ˈa_ɹ_ə_n_t_i k_ˌɔː_p_ə_ɹ_ˈeɪ_ʃ_ə_n__ p_ˌiː_b_ˌiː_dʒ_ˌiː_s_ˈiː]\
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A public, nonprofit insurance fund that provides some limited coverage against bankrupt pension funds. Should a pension fund be unable to pay all its obligations to its retirees, the PBGC may pay some of the pension fund's unfulfilled obligations. The PBGC covers only defined benefit retirement plans and only vested benefits.
By Oddity Software
Nearby Words
- pensileness
- pensio
- pension
- pension account
- pension adjustment
- Pension Benefit Guaranty Corporation (PBGC)
- pension expense
- pension fund
- pension maximization
- pension obligation
- pension off