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KMD SHIP REPAIR OF CAPE

PBGC Trusteed Plan · Case 12132401

The KMD SHIP REPAIR OF CAPE, a single-employer defined-benefit pension plan sponsored by KMD SHIP REPAIR OF CAPE CANAVERAL INC of FT LAUDERDALE, FL, was terminated on 1994-01-30 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 1994-02-15. At the date of termination the plan had 36 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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