Difference between revisions of "Pension Benefit Guaranty Corporation"

From CNM Wiki
Jump to: navigation, search
Line 1: Line 1:
[[Pension Benefit Guaranteed Corporation]] (also known by its acronym, [[PBGC]]) is established within the [[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.
+
[[Pension Benefit Guaranty Corporation]] (also known by its acronym, [[PBGC]]) is established within the [[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.
  
  

Revision as of 05:02, 17 November 2019

Pension Benefit Guaranty Corporation (also known by its acronym, PBGC) is established within the 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 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.

Related concepts

Related lectures