Pension Benefit Guaranty
The Pension Benefit Guaranty Corporation (PBGC) is a U.S. government agency dedicated to protecting the retirement security of approximately 31 million Americans enrolled in single-employer and multiemployer pension plans. Established in 1974, PBGC aims to deliver high-quality customer support while ensuring that workers and retirees receive their hard-earned pension benefits.
PBGC facilitates various programs, including the Special Financial Assistance Program for financially troubled multiemployer pension plans, and provides essential resources for both workers and practitioners involved in pension plan administration. By overseeing the proper management of pension funds, PBGC plays a crucial role in safeguarding the retirement interests of American workers and retirees.
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