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?