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pbgc

The PBGC (Pension Benefit Guaranty Corporation) is a federal agency that protects the retirement incomes of nearly 40 million American workers in private-sector defined benefit pension plans. The PBGC website provides information on its role in insuring pension benefits, managing pension plans that are abandoned, and steps individuals can take to protect their retirement savings. The site also offers resources for employers, retirement plan participants, and beneficiaries to navigate the PBGC's programs and services. Through its work, the PBGC aims to ensure that retirees can rely on their earned pension benefits for a secure retirement.

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    Ashburn, Virginia

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    39.0481 / -77.4728    Google Map

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    #66,402 Site Rank

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Popular Questions for pbgc
How is PBGC funded? A3: PBGC is primarily funded through insurance premiums paid by the sponsors of insured pension plans, as well as the assets held by the plans, and recoveries from financially troubled companies. Congress also authorizes PBGC to collect annual flat-rate and variable-rate premiums from covered plans. These funds are then used to pay benefits to participants of insolvent pension plans.
Who does PBGC cover, and are there any limitations to its coverage? A2: PBGC provides coverage for participants and beneficiaries in most private-sector defined benefit pension plans. However, it does not cover pension plans sponsored by the federal, state, or local governments, or certain religious organizations. Additionally, not all types of pension benefits are fully protected. For example, some early retirement benefits and benefits not yet vested may be subject to limitations or reductions.
What is PBGC and what role does it play in protecting pensions? A1: The Pension Benefit Guaranty Corporation (PBGC) is a federal agency established under the Employee Retirement Income Security Act (ERISA) to safeguard the pensions of American workers. PBGC's primary role is to protect the retirement incomes of participants in private-sector defined benefit pension plans in case their plans become insolvent. PBGC steps in as the trustee and pays the benefits participants would have received from their pension plans, within the limits set by law.
How does PBGC protect the benefits of workers in the event of a company's bankruptcy? A5: In the event of a company's bankruptcy, PBGC plays a critical role in safeguarding pensions. PBGC acts as a trustee for the pension plans of bankrupt companies, ensuring that participants receive the promised benefits to the extent permitted by law. PBGC may negotiate with the company or take legal action to ensure the plans are properly funded and the participants' benefits adequately protected.
How does PBGC encourage companies to fully fund their pension plans? A8: PBGC utilizes several approaches to encourage companies to fully fund their pension plans. These include ongoing plan monitoring, early intervention to prevent underfunding, working closely with plan sponsors to ensure compliance with funding requirements, providing technical assistance, and conducting educational programs for employers. PBGC's proactive engagement and guidance aim to promote plan security and reduce the risks of financial distress.
Newest job postings for pbgc
Financial Analyst - MP
via USAJobs posted_at: 4 days agoschedule_type: Full-timesalary: 94,199 a year
This position is located in the Pension Benefit Guaranty Corporation's (PBGC), Corporate Investment Department (CID), Fixed Income Division (FID). More than one selection may be made from this vacancy announcement. This position is located in the Pension Benefit Guaranty Corporation's (PBGC), Corporate Investment Department (CID), Fixed Income Division (FID).

More than one selection may be made from this vacancy announcement. Show more details...
Management Analyst-PBGC
via Federal Government Jobs posted_at: 2 days agoschedule_type: Full-timesalary: 112,015–145,617 a year
Management Analyst-PBGC Job in Washington Summary... This position is located in the Pension Benefit Guaranty Corporation's (PBGC), Office of Business Administration (OBA), Plan Asset and Data Management Division (PADMD). More than one selection may be made from this vacancy announcement. Duties The candidate selected for this position will: • Analyze existing policies and operating guidelines, data, work procedures, and processes for assigned Management Analyst-PBGC Job in Washington

Summary...

This position is located in the Pension Benefit Guaranty Corporation's (PBGC), Office of Business Administration (OBA), Plan Asset and Data Management Division (PADMD).

More than one selection may be made from this vacancy announcement.

Duties

The candidate selected for this position will:
• Analyze existing policies and operating guidelines, data, work procedures, and processes for assigned management and administrative areas. Based on findings, recommend strategies, priorities, and new policy procedures and program initiatives.
• Perform special projects or studies having a significant impact on the operations of Data Management Division (DMD), Office of Business Administration (OBA), and other Departments within PBGC. Projects or studies may involve leading a team on an ad hoc basis to perform analytical, planning, and evaluative work concerned with the operational aspects of line management or program administration.
• Effectively communicate information, including providing feedback on the results of reviews, evaluations or studies, both orally and in writing in order to convey analytical findings and recommendations to all levels of staff and management Show more details...
General Attorney - EXC
via Federal Government Jobs posted_at: 2 days agoschedule_type: Full-timesalary: 112,015–172,075 a year
General Attorney - EXC Job in Washington Summary... This position is located in the Office of the General Counsel (OGC), General Litigation and Employment Law Division (GLELD), at the Pension Benefit Guaranty Corporation (PBGC). Duties The candidate selected for this position will: • Support OGC’s mission by providing representation, legal advice and counsel for the Director, the Corporation, and its constituents on employment law issues such General Attorney - EXC Job in Washington

Summary...

This position is located in the Office of the General Counsel (OGC), General Litigation and Employment Law Division (GLELD), at the Pension Benefit Guaranty Corporation (PBGC).

Duties

The candidate selected for this position will:
• Support OGC’s mission by providing representation, legal advice and counsel for the Director, the Corporation, and its constituents on employment law issues such as employment and personnel, labor management relations (including collective bargaining), and equal employment opportunity matters.
• Oversee internal investigations of alleged violations of laws, regulations, or policies in anticipation of litigation.
• Investigate facts, research issues, review pertinent laws, legal opinions and precedents, and draft memoranda on sensitive matters, outlining cases and explaining and justifying the application of legal principles, recommendations, and conclusions.
• Prepare cases for litigation including drafting all motions, memoranda, briefs and other pleadings stating the facts, analyzing the legal issues, identifying policy concerns, and justifying the legal action Show more details...
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