Pension Benefit Insurance LLC: Securing Retirement Benefits in Uncertain Times
A pension benefit insurance LLC is a specialized type of insurance company that protects participants in defined benefit pension plans from the risk of plan termination and benefit loss. For instance, the Pension Benefit Guaranty Corporation (PBGC) is a U.S. government-chartered corporation that insures the pension benefits of more than 44 million American workers and retirees in over 27,000 private-sector defined benefit pension plans.