Definition of "Claim against employers net worth"
Angela Hernandez
Urban Nest Realty
Claim by the pension benefit guaranty corporation (PBGC) against an employer for reimbursement of the PBGC's loss (for a terminated plan) up to 30% of the net worth of the employer. If this amount is not paid, the PBGC may place a lien on all of the assets of the employer.
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