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Pension Benefit Guaranty Corporation - The Pension Benefit Guaranty Corporation (or PBGC) is an independent agency of the United States government created by the Employee Retirement Income Security Act of 1974 (ERISA) to encourage the continuation and maintenance of voluntary private pension plans, provide timely and uninterrupted payment of pension benefits, and keep pension insurance premiums at a minimum. Defined benefit pension plans promise to pay a specified monthly benefit at retirement, commonly based on salary and years on the job.
Plan termination - For ERISA defined benefit pension plans, the plan may be terminated by the []employer if the employer can demonstrate that it is fully funded and can purchase annuity contracts for the accrued benefits for all its employees or it may be terminated by the PBGC (Pension Benefit Guaranty Corporation) if the PBGC finds that the employer is endangering the federal insurance system.
Federal Employees Health Benefit Plan - The Federal Employee Health Benefit Plan is a system of "managed competition" though which employee benefits are provided to full-time permanent civilian employees of the United States Government. It allows insurance companies and employee associations such as labor unions to develop health, dental, and allied plans to be marketed to governmental employees.
Medco Health Solutions - Medco Health Solutions (NYSE:MHS) is one of the top pharmacy benefits management companies in the US, serving some 65 million members. The company assists health plans in managing drug costs by designing drug formularies, negotiating rebates with pharmaceutical companies, and processing claims.
Oxford Health Plans, Inc. - Holding company with subsidiaries which provide health benefit plans including traditional health maintenance organizations, point-of-service plans offering more economical health maintenance organization services, medicare and medicaid plans, third party administration of employer-funded benefit plans, and dental plans. (Nasdaq: OXHP).
Employee Benefits Cooperative - Provides employees and employers with a variety of products, such as the Best flex plan, Medical Expense Reimbursement Plan, COBRA Secure, Benefit Billing Service, and Premium Only Plan.
Sentinel Benefits Group, Inc. - Benefit consulting services including retirement plans, cafeteria plans, health plans and deferred compensation plans.
Source: BazSites.com
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