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Which ERisa title created the PBGC and thus provides for payments of certain retirement income benefits...

Which ERisa title created the PBGC and thus provides for payments of certain retirement income benefits if a plan has insufficient assets to pay benefits as promised
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Answer #1

ERisa stands for Employee Retirement Income Security Act 1974 and Title IV created the PBGC that stands for Pension Benefit Guranty Corporation for benefit of those if a plan has insufficient assets to pay and have not able to pay the amount as they promised.

The PBGC was established by ERisa that it can provide coverage to plan, it is a non-profit corporation that gurantee payment of pension benefit for private sectors defined Benefit Plan that has been terminated due to insufficient fund.

The PBGC is an independent agency that is looked by Department of Labour and it was created to encourage the creation of Pension Benefit by Private Sectors.

The ERisa itself not provide any pension it just regulate the pension plan running by employer like any other regulatory.

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