PBGC’s Benefit Determination explains how pension benefits are calculated and paid when a single-employer plan fails. When a company with a traditional pension plan (a defined benefit plan) can no …

What Is Benefit Determination (Single-Employer Plans)? – Simple and Easy Explanation Read More

Earned retirement benefits grow over time. Benefit accrual explains how those benefits build up during your working years. Benefit accrual is the process of earning pension benefits while actively working …

What Is Benefit Accrual? – Simple and Easy Explanation Read More

A beneficiary is the person who receives your pension benefits after you pass away, ensuring your financial legacy continues. A beneficiary is an essential part of any retirement or pension …

What Is a Beneficiary? – Simple and Easy Explanation Read More

The bankruptcy filing date is the official date a bankruptcy case begins for a single-employer pension plan’s sponsor — and it determines key legal and pension protections. The bankruptcy filing …

What Is the Bankruptcy Filing Date? – Simple and Easy Explanation Read More

A pension plan’s default annuity for married or unmarried participants, with the option to choose another payment form. Understanding how your pension will pay out is an essential part of …

What Is an Automatic Married Benefit Form / Automatic Unmarried Benefit Form? – Simple and Easy Explanation Read More

Assets in a retirement plan are all the investments, cash, and holdings that make up the plan’s total value. These assets are managed by the plan sponsor or investment managers …

What Are Assets (in Retirement Plans)? – Simple and Easy Explanation Read More

A PBGC board that independently reviews certain PBGC determinations. The Appeals Board for single-employer plans is a key part of the Pension Benefit Guaranty Corporation’s (PBGC) administrative review process. It …

What Is the Appeals Board (for Single-Employer Plans Only)? – Simple and Easy Explanation Read More