Pension Benefit Guaranty Corporation

E5707

U.S. federal government agency government corporation

The Pension Benefit Guaranty Corporation is a U.S. federal agency that insures and protects the pension benefits of workers in private-sector defined benefit plans when their employers’ plans fail.

Observed surface forms (2)

Surface form	Occurrences
PBGC	1
pension benefit guaranty	1

Statements (46)

Predicate	Object
instanceOf	U.S. federal government agency ⓘ government corporation ⓘ
abbreviation	Pension Benefit Guaranty Corporation self-linksurface differs ⓘ surface form: PBGC
appliesTo	private-sector defined benefit pension plans ⓘ
boardMember	Secretary of Commerce of the United States ⓘ surface form: United States Secretary of Commerce United States Secretary of Labor ⓘ Secretary of the Treasury ⓘ surface form: United States Secretary of the Treasury
boardOfDirectorsChair	United States Secretary of Labor ⓘ
country	United States of America ⓘ surface form: United States
doesNotCover	defined contribution plans ⓘ government pension plans ⓘ
employerTypeCovered	certain not-for-profit employers ⓘ private-sector employers ⓘ
foundedBy	Employee Retirement Income Security Act of 1974 ⓘ
fundingSource	insurance premiums from covered pension plans ⓘ investment income ⓘ recoveries from plan sponsors in bankruptcy ⓘ
governmentBranch	executive branch of the United States ⓘ
guarantees	pension benefits up to statutory limits ⓘ
hasLegalStatus	wholly owned government corporation ⓘ
hasProgram	multiemployer insurance program ⓘ single-employer insurance program ⓘ
headquartersLocation	Washington, D.C. ⓘ
inception	1974 ⓘ
industry	pension insurance ⓘ
intervenesWhen	pension plan terminates without sufficient assets ⓘ
jurisdiction	United States government ⓘ surface form: United States federal government
languageOfWork	English ⓘ
legalBasis	Employee Retirement Income Security Act of 1974 ⓘ
mandate	encourage continuation and maintenance of private pension plans ⓘ keep pension insurance premiums at the lowest levels consistent with obligations ⓘ provide timely and uninterrupted payment of pension benefits ⓘ
namedAfter	its function of guaranteeing pension benefits ⓘ
oversightBody	Senate Health, Education, Labor, and Pensions Committee ⓘ surface form: United States Congress committees with jurisdiction over pensions
parentOrganization	United States government ⓘ
primaryRole	insures private-sector defined benefit pension plans ⓘ protects pension benefits when covered plans fail ⓘ
receivesAppropriations	no regular taxpayer-funded appropriations ⓘ
regionServed	United States of America ⓘ surface form: United States
regulates	termination of covered defined benefit plans ⓘ
sector	public sector ⓘ
serviceType	Pension Benefit Guaranty Corporation self-linksurface differs ⓘ surface form: pension benefit guaranty
subjectOf	pension policy debates in the United States ⓘ
supervisingAuthority	United States Congress ⓘ
takesOver	trusteeship of certain terminated pension plans ⓘ
website	https://www.pbgc.gov ⓘ

Referenced by (8)

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

Pension Benefit Guaranty Corporation → abbreviation → Pension Benefit Guaranty Corporation self-linksurface differs ⓘ

this entity surface form: PBGC

ERISA → administeredBy → Pension Benefit Guaranty Corporation ⓘ

Employee Retirement Income Security Act of 1974 → administeredBy → Pension Benefit Guaranty Corporation ⓘ

ERISA → establishes → Pension Benefit Guaranty Corporation ⓘ

Senate Health, Education, Labor, and Pensions Committee → oversees → Pension Benefit Guaranty Corporation ⓘ

HELP Committee → overseesAgency → Pension Benefit Guaranty Corporation ⓘ

Employee Retirement Income Security Act of 1974 → relatedTo → Pension Benefit Guaranty Corporation ⓘ

Pension Benefit Guaranty Corporation → serviceType → Pension Benefit Guaranty Corporation self-linksurface differs ⓘ

this entity surface form: pension benefit guaranty