PBGC premiums

The Pension Benefit Guaranty Corporation (PBGC) is a U.S. government agency that protects retirement plans. Employers with defined benefit pension plans pay PBGC premiums to ensure that if their plan fails, retirees still receive some of their promised benefits. These premiums vary based on the size and structure of the plan. Essentially, they act as insurance for workers' pensions, helping to secure their financial futures even if the company struggles or goes out of business. The PBGC steps in to cover pensions up to certain limits, providing a safety net for retirees.