Acompany that has been providing generous defined benefit pension plans to all its retirees for the past 50 years is now facing bankruptcy and is unable to pay the pension amount. which of the following statements is true of the given scenario? a. the pbgc will pay the retiree benefits from the solvency fund.
b. the company must decrease the amount of pension payments based on the available amount of money in the pension fund.
c. the employees will have to forfeit their pension benefits.
d. the company can suspend pension payments until the pension fund has been fully recovered.

The PBGC will pay the retiree benefits from the solvency fund is true of the given scenario.

Option a

Explanation:

PBGC was established to provide basic benefits such as pension pay-out to the participant of the private sector in case the employer-defined becomes insolvent. PBGC only cover defined benefit plans; that’s is it covers plans sponsored by employers which can be calculated with a formula.

The basic benefit includes pension during retirement, most early retirement benefits, disability payments and etc. Benefits differ and with retirement, there are fewer benefits for early retirement and more when one retires after the age of 65 years.

panem is a communist totalitarian dictatorship where all the resources and how they are allocated belongs to the capitol. the districts exist only to provide goods and services for the capital and most of the citizens live in poverty. it is a police state where the "peacekeepers" use force and threats to keep the people under control. dissent is outlawed and those who disobey the law are executed, flogged, or turned into avoxes. the games are another means in which the ruling elite in the capitol exert their power over the districts. when reading the books i drew parallels between panem and the soviet union and north korea. in no way is panem capitalist. the people in the capitol are wealthy but the majority of them are involved in the government somehow. it was the same way in the former soviet union where bigwigs in the communist party and high ranking government officials were given access to goods, services, medical treatments not available to the general public. if you think panem has a capitalist economy you need to brush up on your economics.