Regulation of private pension plans

1. Which of the following are provided by federal regulations of private pension plans? Check all that apply.

• Insurance of all participants in private defined-contribution plans to receive their benefits upon retirement
• Transferability of vested pension funds upon a change of employment
• Tax benefits across all wage levels
• Tax benefits only for executive employees
• Insurance of all participants in private defined-benefit plans to receive their benefits upon retirement

1. Which of the following are the characteristics of the Pension Benefit Guaranty Corporation (PBGC)?Check all that apply.

• Has vast regulatory powers
• Has no regulatory powers
• Funded by the federal government
• May act as the pension fund manager