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MARINE CHEVROLET CO RETIREMENT INCOME PLAN

PBGC Trusteed Plan · Case 1216900

The MARINE CHEVROLET CO RETIREMENT INCOME PLAN, a single-employer defined-benefit pension plan sponsored by MARINE CHEVROLET CO of JACKSONVILLE, NC, was terminated on 1976-11-06 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 1979-07-16. At the date of termination the plan had 34 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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