Title IV – Plan Termination Insurance

E181949

Title IV – Plan Termination Insurance is the section of ERISA that establishes a federal insurance program, primarily through the Pension Benefit Guaranty Corporation (PBGC), to protect participants’ benefits in private-sector defined benefit pension plans when those plans are terminated.

All labels observed (1)

Label Occurrences
Title IV – Plan Termination Insurance canonical 1

How this entity was disambiguated

Statements (46)

Predicate Object
instanceOf Title of ERISA
U.S. federal pension law provision
administeredBy Pension Benefit Guaranty Corporation
appliesTo private‑sector defined benefit pension plans
assignsRoleTo PBGC as insurer of last resort for covered defined benefit plans
authorizes PBGC to collect insurance premiums from covered plans
PBGC to enforce employer liability for underfunding upon termination
PBGC to pay guaranteed pension benefits
codifiedIn 29 U.S.C. §1301 et seq.
created Pension Benefit Guaranty Corporation
doesNotApplyTo church plans that have not elected ERISA coverage
defined contribution plans
governmental plans
empowers Pension Benefit Guaranty Corporation
surface form: PBGC to sue to enforce termination liability

PBGC to take over administration of certain terminated plans
enactedWith Employee Retirement Income Security Act of 1974
establishes federal pension plan termination insurance program
separate insurance programs for single‑employer and multiemployer plans
fundedBy assets of terminated plans placed in PBGC trusteeship
premiums paid by sponsors of covered defined benefit plans
recoveries from employers responsible for underfunding
governs distress terminations of defined benefit plans
involuntary terminations initiated by PBGC
standard terminations of defined benefit plans
includesConcept PBGC benefit guarantees
PBGC premiums
PBGC trusteeship of terminated plans
employer termination liability
plan termination insurance
legalJurisdiction United States federal law
objective to reduce losses to participants and the federal pension insurance system from plan terminations
partOf Employee Retirement Income Security Act of 1974
policyGoal to encourage continuation and maintenance of private‑sector defined benefit plans
to provide timely and uninterrupted payment of pension benefits after covered plan terminations
protects participants’ benefits in private‑sector defined benefit pension plans
purpose to provide insurance coverage when covered pension plans terminate with insufficient assets
regulates termination of multiemployer defined benefit plans
termination of single‑employer defined benefit plans
relatedTo Title I of ERISA
Title II of ERISA
Title III of ERISA
requires notice and filing with PBGC in connection with plan terminations
plan administrators of covered plans to pay PBGC insurance premiums
sets limits on the amount of benefits PBGC guarantees
shortName Title IV of ERISA
yearEnacted 1974

How these facts were elicited

Referenced by (1)

Full triples — surface form annotated when it differs from this entity's canonical label.

ERISA containsTitle Title IV – Plan Termination Insurance