Glossary

Meta description:Learn what a multiemployer plan is, how it works, and why it provides pension portability across multiple employers. Understanding Multiemployer Plans A multiemployer plan is a type of pension …

What is a Multiemployer Plan? – Simple and Easy Explanation Read More

A U.S. law enacted in December 2014 that allows financially troubled multiemployer pension plans to reduce promised retirement benefits — under a carefully regulated process — in order to keep …

What is the Kline–Miller Multiemployer Pension Reform Act of 2014 (MPRA)? – Simple and Easy Explanation Read More

Protect your retirement with the Multiemployer Pension Plan Insurance Program, covering private multiemployer defined benefit plans. If you’re part of a pension plan offered by more than one employer—common in …

What is the Multiemployer Pension Plan Insurance Program? – Simple and Easy Explanation Read More

Protect your retirement benefits when a multiemployer pension plan fails with PBGC’s multiemployer guarantee. When it comes to retirement planning, understanding how your pension is protected is crucial—especially if you’re …

What is Multiemployer Guarantee? – Simple and Easy Explanation Read More

A practical guide to the PBGC program that helps find missing participants in terminated single-employer pension plans. When a company ends its defined benefit pension plan, all employees and former …

What is the Missing Participants Program? – Simple and Easy Explanation Read More

Ensure your retirement plan stays healthy and meets legal requirements with the right contributions. Understanding retirement plans can feel complicated, but one key term to know is Minimum Funding Contribution. …

What is Minimum Funding Contribution? – Simple and Easy Explanation Read More

 Understand the maximum benefit the PBGC guarantees under single-employer pension plans. In the world of retirement planning, the term Maximum Guaranteed Benefit plays a crucial role, especially for employees in …

What is Maximum Guaranteed Benefit? – Simple and Easy Explanation Read More

Short meta description:Learn what mandatory employee contributions are and how they affect your retirement benefits in a defined benefit plan. Understanding Mandatory Employee Contributions Mandatory employee contributions are the portion …

What is Mandatory Employee Contributions? – Simple and Easy Explanation Read More

Understand the concept of a majority owner and how it affects retirement plans and business ownership. When it comes to businesses and retirement plans, the term “majority owner” comes up …

What is Majority Owner? – Simple and Easy Explanation Read More

Receive your entire pension benefit at once with a lump-sum payment instead of monthly installments. Understanding retirement benefits can feel complicated, especially when it comes to deciding how to receive …

What is a Lump-Sum? – Simple and Easy Explanation Read More