Pension Benefit Guaranty Corporation

E5707

The Pension Benefit Guaranty Corporation is a U.S. federal agency that insures and protects the pension benefits of workers in private-sector defined benefit plans when their employers’ plans fail.

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How this image was made

AI-generated illustration of Pension Benefit Guaranty Corporation

This AI-generated illustration was produced by black-forest-labs/FLUX.2-dev (1024x1024) from a prompt written by openai/gpt-oss-120b from the entity's label + description.

Prompt

Generate an image of the Pension Benefit Guaranty Corporation (The Pension Benefit Guaranty Corporation is a U.S. federal agency that insures and protects the pension benefits of workers in private-sector defined benefit plans when their employers’ plans fail.)

All labels observed (5)

How this entity was disambiguated

Statements (46)

Predicate Object
instanceOf U.S. federal government agency ⓘ
government corporation ⓘ
abbreviation PBGC ⓘ
appliesTo private-sector defined benefit pension plans ⓘ
boardMember United States Secretary of Commerce ⓘ
United States Secretary of Labor ⓘ
United States Secretary of the Treasury ⓘ
boardOfDirectorsChair United States Secretary of Labor ⓘ
country United States ⓘ
doesNotCover defined contribution plans ⓘ
government pension plans ⓘ
employerTypeCovered certain not-for-profit employers ⓘ
private-sector employers ⓘ
foundedBy Employee Retirement Income Security Act of 1974 ⓘ
fundingSource insurance premiums from covered pension plans ⓘ
investment income ⓘ
recoveries from plan sponsors in bankruptcy ⓘ
governmentBranch executive branch of the United States ⓘ
guarantees pension benefits up to statutory limits ⓘ
hasLegalStatus wholly owned government corporation ⓘ
hasProgram multiemployer insurance program ⓘ
single-employer insurance program ⓘ
headquartersLocation Washington, D.C. ⓘ
inception 1974 ⓘ
industry pension insurance ⓘ
intervenesWhen pension plan terminates without sufficient assets ⓘ
jurisdiction United States federal government ⓘ
languageOfWork English ⓘ
legalBasis Employee Retirement Income Security Act of 1974 ⓘ
mandate encourage continuation and maintenance of private pension plans ⓘ
keep pension insurance premiums at the lowest levels consistent with obligations ⓘ
provide timely and uninterrupted payment of pension benefits ⓘ
namedAfter its function of guaranteeing pension benefits ⓘ
oversightBody United States Congress committees with jurisdiction over pensions ⓘ
parentOrganization United States government ⓘ
primaryRole insures private-sector defined benefit pension plans ⓘ
protects pension benefits when covered plans fail ⓘ
receivesAppropriations no regular taxpayer-funded appropriations ⓘ
regionServed United States ⓘ
regulates termination of covered defined benefit plans ⓘ
sector public sector ⓘ
serviceType pension benefit guaranty ⓘ
subjectOf pension policy debates in the United States ⓘ
supervisingAuthority United States Congress ⓘ
takesOver trusteeship of certain terminated pension plans ⓘ
website https://www.pbgc.gov ⓘ

How these facts were elicited

Referenced by (21)

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

Senate Health, Education, Labor, and Pensions Committee → oversees → Pension Benefit Guaranty Corporation ⓘ
HELP Committee → overseesAgency → Pension Benefit Guaranty Corporation ⓘ
Pension Benefit Guaranty Corporation → abbreviation → PBGC ⓘ
linked to: Pension Benefit Guaranty Corporation
Pension Benefit Guaranty Corporation → serviceType → pension benefit guaranty ⓘ
linked to: Pension Benefit Guaranty Corporation
Employee Retirement Income Security Act of 1974 → administeredBy → Pension Benefit Guaranty Corporation ⓘ
Employee Retirement Income Security Act of 1974 → relatedTo → Pension Benefit Guaranty Corporation ⓘ
ERISA → administeredBy → Pension Benefit Guaranty Corporation ⓘ
ERISA → establishes → Pension Benefit Guaranty Corporation ⓘ
Public Law 93-406 → creates → Pension Benefit Guaranty Corporation ⓘ
Public Law 93-406 → administeredBy → Pension Benefit Guaranty Corporation ⓘ
Title IV – Plan Termination Insurance → administeredBy → Pension Benefit Guaranty Corporation ⓘ
Title IV – Plan Termination Insurance → created → Pension Benefit Guaranty Corporation ⓘ
Title IV – Plan Termination Insurance → empowers → PBGC to sue to enforce termination liability ⓘ
linked to: Pension Benefit Guaranty Corporation
PPA 2006 → relatedTo → PBGC ⓘ
linked to: Pension Benefit Guaranty Corporation
Public Law 109-280 → relatedTo → Pension Benefit Guaranty Corporation ⓘ
House Committee on Education and the Workforce → oversees → Pension Benefit Guaranty Corporation ⓘ
Title IV of ERISA → establishes → Pension Benefit Guaranty Corporation ⓘ
Title IV of ERISA → authorizes → PBGC to collect insurance premiums from covered plans ⓘ
linked to: Pension Benefit Guaranty Corporation
Title IV of ERISA → administeredBy → Pension Benefit Guaranty Corporation ⓘ
Assistant Secretary for EBSA → collaboratesWith → Pension Benefit Guaranty Corporation ⓘ