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OverviewThis book provides background and analysis of the premiums charged by the Pension Benefit Guaranty Corporation (PBGC), which is a government-owned corporation that was created in 1974 to protect the retirement income of participants in private-sector, defined benefit (DB) pension plans. When a company terminates a DB pension plan that does not have enough assets to pay 100% of the promised benefits, PBGC pays, in accordance with statute and up to a maximum yearly dollar amount, the benefits to participants in the terminated plan. In FY2012, 887,000 individuals received $5.5 billion in benefit payments from PBGC. An additional 614,000 workers will receive benefits when they retire. PBGC consists of two insurance programs: (1) a multi-employer pension program, which protects the benefits of 10.3 million participants in collectively bargained DB pensions in which several employers make contributions, and (2) a larger single-employer pension program, which protects the benefits of 33.4 million participants in DB pensions operated by one employer for its eligible employees. Full Product DetailsAuthor: Stan DupontPublisher: Nova Science Publishers Inc Imprint: Nova Science Publishers Inc Weight: 0.360kg ISBN: 9781628081077ISBN 10: 1628081074 Pages: 116 Publication Date: 01 July 2013 Audience: Professional and scholarly , Professional & Vocational Format: Hardback Publisher's Status: Active Availability: In Print  This item will be ordered in for you from one of our suppliers. Upon receipt, we will promptly dispatch it out to you. For in store availability, please contact us. Table of ContentsPreface; Proposals to Change Pension Benefit Guaranty Corporations (PBGC) Premium Structure: Issues for Congress; Pension Benefit Guaranty Corporation: Redesigned Premium Structure Could Better Align Rates with Risk from Plan Sponsors; The Pension Benefit Guaranty Corporation & Single-Employer Plan Terminations; Index.ReviewsAuthor InformationTab Content 6Author Website:Countries AvailableAll regions |
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