Pension Benefit Guaranty Corporation (PBGC) Investment Policy: Issues for Congress

Kinneen, Kelly ; Purcell, Patrick

Library of Congress. Congressional Research Service.

关键词: Investment guaranty insurance;    Pensions;    Retirement income;    Retirement;   

RP-ID  :  PBGC_Investment_Policy
RP-ID  :  PBGC_Investment_Policy_2008Sep08

美国|英语

来源: UNT Digital Library

【 摘 要 】

The Pension Benefit Guaranty Corporation is a federal corporation established under Title IV of the Employee Retirement Income Security Act of 1974. It insures private pension beneficiaries against the complete loss of accrued benefits if their defined benefit pension plan is terminated without adequate funding. It receives no appropriations from general revenue. Its operations are financed by insurance premiums set by Congress and paid by sponsors of defined benefit plans, investment income from the assets in its trust fund, and recoveries from the companies formerly responsible for the trusted plans.