Employers Contingent Insurance Coverage
Definition of "Employers contingent insurance coverage"
Liability coverage mandated by the employee retirement income security act OF 1974 (erisa) under which employers are required to purchase insurance to cover their contingent liability for unfunded employee pension benefits in the event a pension plan is terminated. This requirement is enforced by the pension benefit guaranty corporation (PBGC).
Popular Insurance Terms
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Synopsis of the key financial figures concerning the pension plan that is contained in the form 5500 that must be filed annually with the Internal Revenue Service. This report must be given ...
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