Pension Benefit Guaranty Corporation - Premium Issues (Hardcover)

This 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.

General

Imprint:	nova science publishers
Country of origin:	United States
Release date:	July 2013
Editors:	Stan Dupont
Dimensions:	230 x 155 x 13mm (L x W x T)
Format:	Hardcover
Pages:	116
ISBN-13:	978-1-62808-107-7
Categories:	Books > Business & Economics > Economics > General Books > Business & Economics > Finance & accounting > Finance > Pensions Books > Money & Finance > Pensions Promotions
LSN:	1-62808-107-4
Barcode:	9781628081077

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