A pension plan that is covered by the PBGC’s insurance program, protecting participants if the plan cannot meet its benefit obligations. An Insured Plan is a pension plan that receives …

A multiemployer pension plan becomes “insolvent” when it runs out of money and cannot pay the PBGC-guaranteed benefits owed for the plan year. In the retirement world, the term Insolvency …

A federal tax credit that helps eligible retirees pay for qualified health insurance premiums. The Health Coverage Tax Credit (HCTC) is a valuable financial benefit designed to reduce the cost …

A PBGC guarantee for multiemployer pensions applies only to benefits earned before a plan terminates. Learn how these plans and limits work in clear, simple terms. A multiemployer plan is …

A single-employer plan is protected by federal rules, but not all benefits are guaranteed. Learn how the PBGC protects pensions and the key limits that apply. The Pension Benefit Guaranty …

A Guaranteed Benefit is the portion of a participant’s pension that the Pension Benefit Guaranty Corporation (PBGC) promises to pay if their employer’s pension plan fails. Short meta description:A clear …

Retirement plan sponsored by a federal, state, or local government for its employees. A governmental plan is a special type of retirement plan created for public-sector workers. These plans follow …

A clear and simple guide to understanding “Funding” in retirement and pension plans. When you see the term Funding in a pension or retirement plan — especially in defined benefit …