What of the Following Is $\underline{not}$ A True Statement Regarding the Pension Benefit Guaranty Corporation (PBGC)

question 26

Multiple Choice

What of the following is $\underline{not}$ a true statement regarding the Pension Benefit Guaranty Corporation (PBGC) ?

• A)The PBGC has a statutory lien against the sponsor for 100 percent of shortfalls in vested benefits.
• B)The PBGC was created by ERISA as a national insurer of pension plans.
• C)Vested benefits of participants are partially guaranteed by the PBGC if a plan is terminated.
• D)The PBGC is empowered to collect premiums from plans to pay for guaranteed termination benefits.

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Definitions:

Nonrenewable Resources

Resources that cannot be replenished at the same rate they are consumed, such as oil, coal, and natural gas.

Recycling

The process of converting waste materials into new products to prevent waste of potentially useful materials.

Efficient Use

The optimal allocation and utilization of resources to achieve a particular goal or outcome with minimal waste or expense.

Restoration Ecology

Seeks scientific ways to return ecosystems to their state prior to habitat degradation.