Glossary

Protecting your pension benefits is crucial. PBGC-initiated termination ensures participants in single-employer plans receive their due benefits even if a company cannot fulfill its pension obligations. When it comes to …

The Pension Benefit Guaranty Corporation (PBGC) is a U.S. federal agency that protects retirees who participate in private defined benefit pension plans. Simply put, PBGC acts as a safety net …

A payee is a key term in the world of retirement plans, particularly when it comes to the Pension Benefit Guaranty Corporation (PBGC). Understanding what a payee is can help …

Meta Description:Learn what a pension participant is, how they earn and retain benefits, and why understanding this term matters for retirement planning. Understanding retirement planning starts with knowing the key …

An ongoing plan is a type of defined benefit pension plan that continues to operate and has not been terminated. In simpler terms, it’s a retirement plan that a company …

An offset plan is a type of retirement plan designed to adjust or reduce a participant’s pension benefit based on other sources of income. In simple terms, it’s a pension …

Meta description:Learn what an Offset is in pensions, including Social Security offsets, floor offsets, and how offset plans affect retirement benefits. Understanding your pension plan can sometimes feel like decoding …

A multiemployer pension plan is designed to provide retirement benefits to workers from more than one company, usually in industries like construction or trucking. But what happens if the plan …