<P> It also created the Joint Board for the Enrollment of Actuaries, which licenses actuaries to perform a variety of actuarial tasks required of pension plans under ERISA . The Joint Board administers two examinations to prospective Enrolled Actuaries . After an individual passes the two exams and completes sufficient relevant professional experience, she or he becomes an Enrolled Actuary . </P> <P> Title IV created the Pension Benefit Guaranty Corporation (PBGC) to insure benefits of participants in underfunded terminated plans . It also describes the procedures that a pension plan must follow to terminate itself, and for the PBGC to initiate an involuntary termination . </P> <P> An employer may terminate a single - employer plan under a standard termination if the plan's assets equal or exceed its liabilities . If the assets are less than the liabilities, the employer must contribute the amount necessary to fully fund the plan . A standard termination is sometimes referred to as a voluntary termination because the employer has chosen to terminate the plan . </P> <P> In a standard termination, all accrued benefits under the plan become 100% vested . The plan must purchase annuity contracts for all participants . If the plan permits the payment of lump sums, employees may be offered the choice of a lump sum payment or an annuity . </P>

Which of the following is a provision of the employee retirement income security act of 1974 (erisa)