Sentences with phrase «insured private pension plan»

If an insured private pension plan is terminated, the PBGC will pay benefits up to the guaranteed maximum, currently some $ 5,000 a month for workers who begin benefits at age 65.

Wilson, who was raised in upstate Johnstown, once served on President Obama's automobile - industry restructuring task force and was recently made a member of the advisory committee of the federal Pension Benefit Guaranty Corp., an independent agency that insures private pension plans.

Not exact matches

Private pensions are backstopped by the Pension Benefit Guaranty Corp. (PBGC), but it only insures benefits up to a certain amount ($ 57,477 for plans terminating in 2013).

PBGC - The Pension Benefit Guaranty Corporation, the federal government agency that insures private defined benefit plans.