Pension Benefit Guaranty Corporation

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Pension Benefit Guaranty Corporation (wrongly spelled, alternatively known as Pension Benefit Guaranteed Corporation; also known by its acronym, PBGC) is established within the United States Department of Labor to encourage voluntary employee pension continuance when changing employment by providing portability, the right of an employee to transfer taxfree pension benefits from one employer to another.


Definitions

According to Labor Relations and Collective Bargaining by Michael R. Carrell and Christina Heavrin (10th edition),

Pension Benefit Guaranteed Corporation (PBGC). Established within the United States Department of Labor to encourage voluntary employee pension continuance when changing employment by providing portability, the right of an employee to transfer taxfree pension benefits from one employer to another.

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