Tag: Pension Benefit Guaranty Corporation (PBGC).
The brief’s key findings are: Participants in multiemployer pension plans have their benefits insured by the Pension Benefit Guaranty Corporation (PBGC). However, the PBGC’s guaranteed benefit levels are very low compared to single employer plans. Of greater concern, the PBGC’s insurance fund for multiemployer plans is projected to be exhausted within the next 10 years…