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Main Insurance Terms employers net worth

employers net worth



See alsoemployers contingent net worth liability determination Related Terms: Dictionary of Insurance Terms employers contingent net worth liability determination

requirement upon termination of a pension plan- an employer must reimburse the Pension Benefit Guaranty Corporation (PBGC) for any loss that the PBGC incurs as the result of paying employee benefits that were the responsibility of the employer. The law requires reimbursement of up to 30% of the plan's net worth without regard to any contingent liability. This net worth is increased by escrowing or transferring any assets by the employer in contemplation of the plan's termination.



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employers net worth