Definition of "Restoration of plan"
Geri DeVille, Real Estate Agent
RE/MAX Top Producers
Authority of the pension benefit guaranty corporation (pbgc) to stop the termination of a pension plan and restore it to its previous status by returning a portion or all of the plan's assets and liabilities. For example, such an action could be taken by the PBGC when a company whose pension plan is being terminated has experienced a reversal in the adverse conditions that originally caused the termination.
Have a question or comment? We're here to help.