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CORNER & LADA CO INC RET PLAN FOR BARG UNIT EMP

PBGC Trusteed Plan · Case 10889500

The CORNER & LADA CO INC RET PLAN FOR BARG UNIT EMP, a single-employer defined-benefit pension plan sponsored by CORNER & LADA CO INC of Cranston, RI, was terminated on 1987-08-31 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 1990-09-13. At the date of termination the plan had 37 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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