Pension Benefit Guaranty Corporation (PBGC) Definition and Legal Meaning

On this page, you'll find the legal definition and meaning of Pension Benefit Guaranty Corporation (PBGC), written in plain English, along with examples of how it is used.

What is Pension Benefit Guaranty Corporation (PBGC)?

n. It is a federal corporation that provides insurance benefits on specific benefit pension plans.The PBGC has to provide guaranteed insurance benefits to its paricipants even if the plan goes bankrupt.