Pension Benefit Guaranty Corporation Workers and Retirees Experience Delays and Uncertainty When Underfunded Plans are Terminated is popular PDF and ePub book, written by Barbara D. Bovbjerg in 2010-11, it is a fantastic choice for those who relish reading online the Law genre. Let's immerse ourselves in this engaging Law book by exploring the summary and details provided below. Remember, Pension Benefit Guaranty Corporation Workers and Retirees Experience Delays and Uncertainty When Underfunded Plans are Terminated can be Read Online from any device for your convenience.
Pension Benefit Guaranty Corporation Workers and Retirees Experience Delays and Uncertainty When Underfunded Plans are Terminated Book PDF Summary
Under the single-employer insur. program, the Pension Benefit Guaranty Corp. (PBGC) may become the trustee of underfunded plans that are terminated and assume responsibility for paying benefits to participants as they become due, up to certain legal limits. From its inception in 1974 through the end of FY 2008, PBGC has terminated and trusteed 3,860 single-employer plans covering 1.2 million workers and retirees. Since 2008, the economic downturn has brought a new influx of pension plan terminations. This testimony describes: (1) PBGC's process for determining the amount of benefits to be paid; and (2) PBGC's recoupment process when the estimated benefit provided is too high and a retiree receives an overpayment that must be repaid.
Detail Book of Pension Benefit Guaranty Corporation Workers and Retirees Experience Delays and Uncertainty When Underfunded Plans are Terminated PDF
- Author : Barbara D. Bovbjerg
- Release : 01 November 2010
- Publisher : DIANE Publishing
- ISBN : 9781437925043
- Genre : Law
- Total Page : 18 pages
- Language : English
- PDF File Size : 21,8 Mb
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