£74.51

Pension Benefit Guaranty Corporation: Premium Issues (Economic Issues, Problems and Perspectives)

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£85.28 £48.06 £56.18 £64.30 £72.42 £80.54 £88.66 09 June 2024 15 November 2024 24 April 2025 01 October 2025 10 March 2026

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Description

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.

Product Specifications

Format
hardcover
Domain
Amazon UK
Release Date
01 July 2013
Listed Since
16 May 2013

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