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Reply #57: And how many employees WHOSE PLANS ARE COVERED BY THE PBGC have pensions that high? [View All]

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antigop Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Nov-04-07 10:09 AM
Response to Reply #50
57. And how many employees WHOSE PLANS ARE COVERED BY THE PBGC have pensions that high?
Edited on Sun Nov-04-07 10:11 AM by antigop
http://www.pbgc.gov/

>>
PBGC is a federal corporation created by the Employee Retirement Income Security Act of 1974. It currently protects the pensions of nearly 44 million American workers and retirees in 30,330 PRIVATE SINGLE-EMPLOYER and MULTIEMPLOYER defined benefit pension plans. PBGC receives no funds from general tax revenues. Operations are financed by insurance premiums set by Congress and paid by sponsors of defined benefit plans, investment income, assets from pension plans trusteed by PBGC, and recoveries from the companies formerly responsible for the plans.
>>

Please show me where PBGC insures state and federal pension plans.
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