Pension insurance is a type of financial protection that helps ensure individuals receive their retirement benefits. It is often provided by employers or government programs to safeguard workers' pensions in case the company faces financial difficulties or goes bankrupt. This insurance helps maintain a stable income for retirees. In many countries, pension insurance is managed by specific organizations, such as the Pension Benefit Guaranty Corporation in the United States. These organizations monitor pension plans and provide compensation to retirees if their employer's plan fails, ensuring that individuals can still receive a portion of their promised benefits.