Underfunded Pensions, Pension Dumping, and Retirement Security : Pension Funds, the Pension Benefit Guarantee Corporation (PBGC), Bailout Risks, Impact on the Federal Budget, and the Pension Protectio

This text explains the Employee Retirement Income Security Act of 1974 (ERISA) and the role of the Pension Benefit Guarantee Corporation, which currently protects the pensions of nearly 44 million American workers and retirees in more than 29,000 benefit pension plans.