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Pension Benefit Guaranty Corporation: Premium Issues
Dupont S.
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Description for Pension Benefit Guaranty Corporation: Premium Issues
Hardback. Editor(s): Dupont, Stan. Num Pages: 116 pages. BIC Classification: KC; KFFP. Category: (P) Professional & Vocational. Dimension: 241 x 166 x 13. Weight in Grams: 354.
This book provides background and analysis of the premiums charged by the Pension Benefit Guaranty Corporation (PBGC), which is a government-owned corporation that was created in 1974 to protect the retirement income of participants in private-sector, defined benefit (DB) pension plans. When a company terminates a DB pension plan that does not have enough assets to pay 100% of the promised benefits, PBGC pays, in accordance with statute and up to a maximum yearly dollar amount, the benefits to participants in the terminated plan. In FY2012, 887,000 individuals received $5.5 billion in benefit payments from PBGC. An additional 614,000 workers ... Read more
This book provides background and analysis of the premiums charged by the Pension Benefit Guaranty Corporation (PBGC), which is a government-owned corporation that was created in 1974 to protect the retirement income of participants in private-sector, defined benefit (DB) pension plans. When a company terminates a DB pension plan that does not have enough assets to pay 100% of the promised benefits, PBGC pays, in accordance with statute and up to a maximum yearly dollar amount, the benefits to participants in the terminated plan. In FY2012, 887,000 individuals received $5.5 billion in benefit payments from PBGC. An additional 614,000 workers ... Read more
Product Details
Publisher
Nova Science Publishers Inc
Number of pages
116
Format
Hardback
Publication date
2013
Condition
New
Number of Pages
116
Place of Publication
New York, United States
ISBN
9781628081077
SKU
V9781628081077
Shipping Time
Usually ships in 5 to 9 working days
Ref
99-2
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