What Does PBGC Mean?

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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.

PBGC

PBGC

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.

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