Restoration Of Plan


Definition of "Restoration of plan"

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.

 
 
 
*** Your email address will remain confidential.
 
 

Search Real Estate Terms

 

Popular Real Estate Terms

Funding

Allocation of funds in a retirement plan. ...

Disability Benefit

Income paid under a disability policy that is not covered under workers compensation benefits. It is usually expressed as a percentage of the insured' ...

Emergency Exposure Limit (eel)

Maximum amount of a toxic agent to which an individual can be exposed for a very brief (emergency) period of time and still maintain physical safety. ...

Loss Carryback

Ruling that, under current tax law, if an insurance company is to use a loss carryforward accounting adjustment, the company must first offset a net i ...

Assets And Valuation

Actuarial evaluation of the assets of a pension plan according to the fair market value of the assets. ...

Adjuster

Individual employed by a property and casualty insurance company to settle on its behalf claims brought by insureds. The adjuster evaluates the merits ...

Popular Real Estate FAQ

What Do I Need To Know About Auto Insurance?

Choosing the auto insurance requires consideration of manyfactors- Take into account everything you own and the reasons to protect them. The year of ...

How Do I File An Insurance Claim?

Call your Insurance agent or Insurance Company \"Claims Hotline\" as soon as possible. Getting your agent\'s help, may speed things along. ...

What Do I Need To Know About Motorcycle Insurance?

You need an insurance policy that is tailored in your needs in mind. Take liability for example. Guest passenger liability helps protect you bodily in ...

What Do I Need To Know About Watercraft Insurance?

You need separate coverage for the variety of risks you face when storing, launching, hauling or running your seaworthy vessel. Boats, and other water ...

What Do I Need To Know About RV Insurance?

Your motor home can be both your transportation and your home away from home. So like your auto and your home, you need to safeguard it with the prope ...

What Should I Do If I'm In An Accident?

1.- Stay Calm. Determine the injuries and or damage. 2.- Call the police. File an accident report and obtain medical assistance if needed. 3.- L ...

Read why Real Estate Agent rates 5 Stars in 10 Agent Reviews
Read Reviews

Agents join here
Add our widget on your Website

Real Estate Advice

The Fine Line Between Representing Both the Buyer and Seller Rent or Buy - the pros and cons What is Hazard Insurance? Build or Buy? That’s the Big Question Top Things to Budget for When Rehabbing a Flip House

FAQ

What are jumbo mortgages? What is a balloon mortgage? What do I need to know about Group Health Insurance? What is an assumable mortgage? What is a APR Loan?