PBGC

Proper noun

Meaning

PBGC

Initialism of Pension Benefit Guaranty Corporation.

Source: en.wiktionary.org

Examples

Even if a company isn't able to fulfill its obligations, there's the Pension Benefit Guaranty Corporation (PBGC), which insures vested pension payments (for many but not all pension plans) up to a certain sum annually for pensioners aged 65 and up. Source: Internet

Like other U.S. government agencies, PBGC is mandated to consider cloud computing in its IT strategies. Source: Internet

When the PBGC steps in and takes over a pension plan, it provides payment for pension benefits up to certain maximum amounts, which are indexed for inflation. Source: Internet

Close letter words and terms

pBerlin pbf PBG PBGM PBGV PBH