Pension Benefit Guaranty Corporation

URI: https://gptkb.org/entity/Pension_Benefit_Guaranty_Corporation
GPTKB entity
Statements (33)
Predicate Object
gptkbp:instanceOf gptkb:government_agency
gptkbp:abbreviation gptkb:PBGC
gptkbp:annualReport published annually
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:does_not_receive general tax revenues
gptkbp:established 1974
gptkbp:fundedBy assets from pension plans it takes over
insurance premiums paid by plan sponsors
investment income
recoveries from plan sponsors
gptkbp:headquarters_location gptkb:Washington,_D.C.
https://www.w3.org/2000/01/rdf-schema#label Pension Benefit Guaranty Corporation
gptkbp:insured_participants over 33 million Americans
gptkbp:insuredBy over 25,000 pension plans
gptkbp:legalBasis gptkb:Employee_Retirement_Income_Security_Act_of_1974
gptkbp:mission to keep pension insurance premiums at a minimum
to encourage the continuation and maintenance of voluntary private pension plans
to provide timely and uninterrupted payment of pension benefits
gptkbp:numberOfEmployees approximately 900
gptkbp:organization federal corporation
gptkbp:oversees gptkb:Board_of_Trustees
gptkbp:parentOrganization gptkb:United_States_Department_of_Labor
gptkbp:protectedBy multiemployer pension plans
single-employer pension plans
gptkbp:purpose protect retirement incomes of American workers in private-sector defined benefit pension plans
gptkbp:regulates private-sector defined benefit pension plans
gptkbp:website https://www.pbgc.gov/
gptkbp:bfsParent gptkb:United_States_federal_government
gptkbp:bfsLayer 4