2364 PENSION PLAN TERMINATION INSURANCE PROGRAM

摘要

The Pension Benefit Guaranty Corporation (PBGC) is a nonprofit corporation within the Department of Labor that insures participants and beneficiaries of private defined benefit plans against the loss of pension benefits following plan termination (.01). The role of the PBGC involves the following:rn1. Annual insurance premiums. Single-employer defined benefit plans that are covered under ERISA's termination insurance provisions must pay annual insurance premiums to the PBGC.