PBGC

GPTKB entity

Statements (42)
Predicate Object
gptkbp:instanceOf gptkb:government_agency
gptkbp:abbreviation gptkb:PBGC
gptkbp:annualReport gptkb:PBGC_Annual_Report
gptkbp:auditedBy gptkb:U.S._Government_Accountability_Office
gptkbp:boardMemberOf gptkb:Secretary_of_Commerce
gptkb:Secretary_of_Labor
gptkb:Secretary_of_Treasury
gptkbp:country gptkb:United_States
gptkbp:director gptkb:Gordon_Hartogensis
gptkbp:doesNotReceive general tax revenues
gptkbp:employs approximately 900 employees
gptkbp:established 1974
gptkbp:establishedBy gptkb:Employee_Retirement_Income_Security_Act
gptkbp:fiscalYear October 1 to September 30
gptkbp:fullName gptkb:Pension_Benefit_Guaranty_Corporation
gptkbp:fundedBy investment income
recoveries from plan sponsors
assets from failed plans
insurance premiums
gptkbp:headquartersLocation gptkb:Washington,_D.C.
https://www.w3.org/2000/01/rdf-schema#label PBGC
gptkbp:insuredBy private-sector defined benefit pension plans
gptkbp:legalStatus federal corporation
gptkbp:maximumLoanAmount set by law and adjusted annually
gptkbp:mission protect retirement incomes of American workers in private-sector defined benefit pension plans
gptkbp:notableEvent multiemployer program projected to be solvent for at least 30 years (as of 2023)
received $86 billion from American Rescue Plan Act in 2021
gptkbp:operates gptkb:Multiemployer_Program
gptkb:Single-Employer_Program
gptkbp:parentOrganization gptkb:United_States_Department_of_Labor
gptkbp:phoneNumber 1-800-400-7242
gptkbp:protectedBy over 24,000 pension plans
over 33 million workers and retirees
gptkbp:provides financial assistance to insolvent multiemployer plans
guaranteed pension benefits
gptkbp:regulates pension plan terminations
gptkbp:reportsTo gptkb:Board_of_Trustees
gptkbp:statutoryBody gptkb:Title_IV_of_ERISA
gptkbp:subject federal regulations
gptkbp:website https://www.pbgc.gov/
gptkbp:bfsParent gptkb:Pension_Benefit_Guaranty_Corporation
gptkbp:bfsLayer 5