Title IV – Plan Termination Insurance

E181949

Title IV – Plan Termination Insurance is the section of ERISA that establishes a federal insurance program, primarily through the Pension Benefit Guaranty Corporation (PBGC), to protect participants’ benefits in private-sector defined benefit pension plans when those plans are terminated.

All labels observed (1)

Label Occurrences
Title IV – Plan Termination Insurance canonical 1

How this entity was disambiguated

Statements (46)

Predicate Object
instanceOf Title of ERISA ⓘ
U.S. federal pension law provision ⓘ
administeredBy Pension Benefit Guaranty Corporation ⓘ
appliesTo private‑sector defined benefit pension plans ⓘ
assignsRoleTo PBGC as insurer of last resort for covered defined benefit plans ⓘ
authorizes PBGC to collect insurance premiums from covered plans ⓘ
PBGC to enforce employer liability for underfunding upon termination ⓘ
PBGC to pay guaranteed pension benefits ⓘ
codifiedIn 29 U.S.C. §1301 et seq. ⓘ
created Pension Benefit Guaranty Corporation ⓘ
doesNotApplyTo church plans that have not elected ERISA coverage ⓘ
defined contribution plans ⓘ
governmental plans ⓘ
empowers PBGC to sue to enforce termination liability ⓘ
PBGC to take over administration of certain terminated plans ⓘ
enactedWith Employee Retirement Income Security Act of 1974 ⓘ
establishes federal pension plan termination insurance program ⓘ
separate insurance programs for single‑employer and multiemployer plans ⓘ
fundedBy assets of terminated plans placed in PBGC trusteeship ⓘ
premiums paid by sponsors of covered defined benefit plans ⓘ
recoveries from employers responsible for underfunding ⓘ
governs distress terminations of defined benefit plans ⓘ
involuntary terminations initiated by PBGC ⓘ
standard terminations of defined benefit plans ⓘ
includesConcept PBGC benefit guarantees ⓘ
PBGC premiums ⓘ
PBGC trusteeship of terminated plans ⓘ
employer termination liability ⓘ
plan termination insurance ⓘ
legalJurisdiction United States federal law ⓘ
objective to reduce losses to participants and the federal pension insurance system from plan terminations ⓘ
partOf Employee Retirement Income Security Act of 1974 ⓘ
policyGoal to encourage continuation and maintenance of private‑sector defined benefit plans ⓘ
to provide timely and uninterrupted payment of pension benefits after covered plan terminations ⓘ
protects participants’ benefits in private‑sector defined benefit pension plans ⓘ
purpose to provide insurance coverage when covered pension plans terminate with insufficient assets ⓘ
regulates termination of multiemployer defined benefit plans ⓘ
termination of single‑employer defined benefit plans ⓘ
relatedTo Title I of ERISA ⓘ
Title II of ERISA ⓘ
Title III of ERISA ⓘ
requires notice and filing with PBGC in connection with plan terminations ⓘ
plan administrators of covered plans to pay PBGC insurance premiums ⓘ
sets limits on the amount of benefits PBGC guarantees ⓘ
shortName Title IV of ERISA ⓘ
yearEnacted 1974 ⓘ

How these facts were elicited

Referenced by (1)

Full triples — surface form annotated when it differs from this entity's canonical label.

ERISA → containsTitle → Title IV – Plan Termination Insurance ⓘ