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J.S.YOUNG CO. PENSION PLAN FOR HRLY EMPLOYEES

PBGC Trusteed Plan · Case 11058000

The J.S.YOUNG CO. PENSION PLAN FOR HRLY EMPLOYEES, a single-employer defined-benefit pension plan sponsored by J S YOUNG CO of BALTIMORE, MD, was terminated on 1974-09-02 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 1988-10-20. At the date of termination the plan had 63 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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