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KAISER STEEL HOURLY PENSION PLAN

PBGC Trusteed Plan · Case 10535900

The KAISER STEEL HOURLY PENSION PLAN, a single-employer defined-benefit pension plan sponsored by KAISER STEEL CORP of FONTANA, CA, was terminated on 1987-10-15 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 1988-09-28. At the date of termination the plan had 6,690 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.

Other plans from the same sponsor

PlanTerminatedParticipants
KAISER STEEL SALARIED PENSION PLAN1987-02-281,133
KAISER STEEL SOUTH CALIF FABRICATING PENS PLAN1987-10-15329
KAISER STEEL NAPA PENSION PLAN1987-08-03251

All plans sponsored by EIN 940594733. Full sponsor profile →

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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