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Pension benefit guaranty corporation

• Abbreviated PBGC. A federal agency that insures the vested benefits of pension plan participants (established in 1974 by the ERISA legislation).

• The U.S. government agency that insures benefits in defined benefit pension plans.

 
 

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Erisa
Pension plan
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Tips for Trying to Fix a Clogged or "Frozen" Home Equity Line: For years, homeowners have turned to home equity lines of credit (HELOCs) as a way to borrow against their home's value to pay for college tuition, home improvements, medical bills and other major expenses. (A home's equity is the market value minus what is owed on the mortgage. If you owe $100,000 on your mortgage but your home is worth $250,000, your equity is $150,000.) More...

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