Pension Plan Termination Insurance
Definition of "Pension plan termination insurance"
Coverage provided by the pension benefit guaranty corporation (pbgc) that guarantees participants a certain level of pension benefits even if the plan terminates without assets. The PBGC was authorized under the employee retirement income security act of 1974 (erisa). The insurance, paid for by employers, protects vested interest only.
Popular Insurance Terms
In an insurance policy, sentences and paragraphs describing various coverages, exclusions, duties of the insured, locations covered, and conditions that suspend or terminate coverage. ...
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Failure to exercise proper care. Many property insurance policies exclude losses that result from negligence. Neglect is also the basis for many liability suits. If an injury can be ...
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