Pension Benefit Guaranty Corporation
From ACT Wiki
(PBGC).
US Pensions.
An organisation set up by the US government to take over the assets and liabilities of insolvent pension funds and to provide limited guarantees as to the payment of pensions by those funds.
The PBGC has wide powers to investigate US pension schemes and their sponsoring companies.
The equivalent in the UK is the Pension Protection Fund.
