[20210108]IF10492_养老金福利担保公司（PBGC）概述.pdf

https:/crsreports.congress.gov Updated January 8, 2021An Overview of the Pension Benefit Guaranty Corporation (PBGC)The Pension Benefit Guaranty Corporation (PBGC) is a government corporation established by the Employee Retirement Income Security Act of 1974 (ERISA; P.L. 93-406). It was created to protect the pensions of participants and beneficiaries by paying participants benefits if the pension plan is unable to do so. PBGC insures only private sector defined benefit (DB) plans. These pension plans provide a specified monthly benefit at retirement, usually either a percentage of salary or a flat dollar amount multiplied by years of service. Defined contribution (DC) plans, such as 401(k) plans, are not insured. More detailed information about PBGC is available in CRS Report 95-118, Pension Benefit Guaranty Corporation (PBGC): A Primer. In FY2020, PBGC insured approximately 25,000 DB pension plans covering about 34 million people. PBGC operates two distinct insurance programs: one for single-employer pension plans and a second for multiemployer plans. Single-employer pension plans are sponsored by one employer and cover eligible workers employed by the plan sponsor. Multiemploye