Regarding the Pension Benefit Guarantee Corporation (PBGC), which of the following statements is true?
a. The PBGC is an agency that insures defined benefit pension plans.
b. The PBGC is an agency that insures defined contribution pension plans.
c. The PBGC's fund is running out of money, due to the increase in the failure of the pension plans it insures.
d. a and c only
e. b and c only
D
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