Pension Benefit Guaranty Corporation
Pension Benefit Guaranteed Corporation (also known by its acronym, PBGC) is established within the Department of Labor to encourage voluntary employee pension continuance when changing employment by providing portability, the right of an employee to transfer taxfree pension benefits from one employer to another.
Definitions
According to Labor Relations and Collective Bargaining by Michael R. Carrell and Christina Heavrin (10th edition),
- Pension Benefit Guaranteed Corporation (PBGC). Established within the Department of Labor to encourage voluntary employee pension continuance when changing employment by providing portability, the right of an employee to transfer taxfree pension benefits from one employer to another.
Related concepts
- Labor relations. The systematic study of attitudes, motivations, and behaviors which two or more job-market actors assume toward each another.
