Claim Against Employers Net Worth

Definition of "Claim against employers net worth"

Bobby Armstrong
  eXp 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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