Reduce employee pension benefits

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Question

Hundreds of long-term workers at the Tiger Corporation were laid off by the company. These workers were devasted as many of them had accumulated huge pension plan balances over the years. Fortunately, these workers are guaranteed payment of a basic retirement benefit by the The ________blank guarantees payment to employees of a basic retirement benefit in the event that financial difficulties force a company to terminate or reduce employee pension benefits.

Reference no: EM133464672

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