| 词汇 | Pension Benefit Guaranty Corporation (PBGC) |
| 释义 | `1`Pension Benefit Guaranty Corporation (PBGC) `2` "Nolo Everybody's Legal Dictionary": 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. See Topic: Consumer & Travel Employment Law Small Business Retirement & Elder Care |
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