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What is the definition of centration?
Pension Benefit Guarantee Corporation
A U.S. government agency that protects the retirement incomes of American workers by insuring defined-benefit pension plans.
Defined-Benefit Retirement Plan
A type of pension plan where an employer promises a specified retirement benefit to employees based on a formula, typically involving years of service and salary history.
Pension Benefit Guarantee Corporation
A U.S. federal agency that protects the pension benefits in private-sector defined benefit plans if the company fails to meet its pension obligations.
Stock Market
A public market for the trading of company stock and derivatives at an agreed price; it is a key indicator of the health of an economy.
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