What does PBGC mean? Read on to discover the definition & meaning of the term PBGC - to help you better understand the language used in insurance policies.
The Pension Benefit Guaranty Corporation (PBGC) is a federal insurance fund that is tasked with funding certain pension plans after they have run out. The PBGC is handled by the Department of Labor and provides a crucial source of income for retirees who have had their pension funds terminated.
We hope the you have a better understanding of the meaning of PBGC.