Which the Following Statements About the Pension Benefit Guarantee Corporation

question 40

Multiple Choice

Which the following statements about the Pension Benefit Guarantee Corporation (PBGC) is FALSE?

• A)The establishment of the PBGC insured pension benefits against the underfunding of plans by corporations.
• B)Since its inception in 1974,the PBGC has never operated at a surplus.
• C)The PBGC now operates on a risk-based premium plan where riskier (underfunded)pension plans pay higher premiums than less risky (fully funded)pension funds.
• D)The PBGC has little regulatory power over the pension funds it insures.

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Definitions:

Organizational Citizenship Behaviors (OCBs)

Voluntary, extra-role activities performed by employees that contribute to the organization's effectiveness but are not part of their formal job responsibilities.

Affect

A broad term that encompasses a range of feelings and emotions individuals experience, often influencing behavior and decision-making.

Low-Mach Individuals

People characterized by their low Machiavellianism; they tend to be straightforward, honest, and trusting in their dealings with others.

Unethical Behavior

Actions that violate moral principles or professional standards, often for personal benefit or gain.