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PBGC Trusteed Plan · Case 10000200
The MILLINERY RETIREMENT PLAN, a single-employer defined-benefit pension plan sponsored by MILLINERY INDUSTRY OF NYC AND VICINITY JOINT BOARD of NEW YORK, NY, was terminated on 1976-12-31 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 1977-05-02. At the date of termination the plan had 94 participants — current and former employees with vested retirement benefits.
When PBGC trustees a plan, it assumes responsibility for paying guaranteed retirement benefits to participants up to statutory maximums. Plans are typically trusteed after the sponsor enters bankruptcy or otherwise becomes unable to meet pension obligations.
| Plan | Terminated | Participants |
|---|---|---|
| MILLINERY WORKERS RET FUND | 1976-12-31 | 2,672 |
All plans sponsored by EIN 222115662. Full sponsor profile →
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