google bot detected Restoration Of Plan | Insurance Glossary | Realestateagent.com

Restoration Of Plan


Definition of "Restoration of plan"

Gail  Butler
  Keller Williams Atlanta Partners

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.



Related Real Estate Glossary terms

Related Real Estate FAQ