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MILLINERY RETIREMENT FUND LOCAL 98

PBGC Trusteed Plan · Case 10000300

The MILLINERY RETIREMENT FUND LOCAL 98, a single-employer defined-benefit pension plan sponsored by UNITED MILLINERY SALESMEN'S UNION LOCAL 98 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 55 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.

References

1. Pension Benefit Guaranty Corporation. Single-Employer Plans Trusteed by PBGC. trusteedplans.xlsx. Retrieved recently.
2. Pension Benefit Guaranty Corporation. Open Government — Data Sets. pbgc.gov/about/open-government/data-sets.

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