The Pension Benefit Guaranty Corporation (PBGC) is an independent government agency that oversees the defined benefit retirement plans that private, meaning non-government agencies, employers offer.
Write a minimum 300 word paper that provides some additional background on the PBGC, beyond what’s stated above, and describe the role the PBGC in the administration of private employer retirement plans. What rules/laws do they impose on employers? Under what circumstances does the PBGC become involved in the administration of a retirement plan?