Latest / The Paul Truesdell Podcast
Pound Salt Chicago
not become a federal bailout.
The Pension Benefit Guaranty Corporation (PBGC) is a federal insurance agency that protects certain retirement benefits in private-sector defined benefit pensions when an employer’s plan fails. PBGC operates two insurance programs—single-employer and multiemployer—and it pays benefits up to legal limits when a covered plan is terminated without enough assets. PBGC is funded primarily by insurance premiums paid by plan sponsors and investment income, not by regular appropriations from general federal tax revenue. PBGC does not insure 401(k), 403(b), or other…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.