What was the purpose of the establishment of the Pension Benefit Guaranty Corporation (PBGC)? PBGC was established

Question:

What was the purpose of the establishment of the Pension Benefit Guaranty (PBGC)?
PBGC was established to protect pension benefits from the underfunding of pension plans by corporations.
a. How does the PBGC differ from the FDIC in its ability to control risk?
b. How were the 1994 Retirement Protection Act and the Deficit Reduction Act of 2005 expected to reduce the deficits experienced by the PBGC? Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...