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PBGC Trusteed Plan · Case 10636500
The WALTHAM PRECISION INSTRUMENTS HRLY EMPLY PENSION, a single-employer defined-benefit pension plan sponsored by WALTHAM PRECISION INSTR of WALTHAM, MA, was terminated on 1987-10-27 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 1996-04-19. At the date of termination the plan had 49 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 |
|---|---|---|
| WALTHAM PRECISION INSTRUMENTS SALARIED EMP PENSION | 1987-10-27 | 29 |
All plans sponsored by EIN 42534883. Full sponsor profile →
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