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CAMDEN LEATHER WORKERS PENSION PLAN

PBGC Trusteed Plan · Case 108800

The CAMDEN LEATHER WORKERS PENSION PLAN, a single-employer defined-benefit pension plan sponsored by CAMDEN LEATHER WKRS LOCAL 700 of CAMDEN, NJ, was terminated on 1975-08-31 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 1981-07-16. At the date of termination the plan had 146 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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