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JACOBSON HOME FURNISHING INC. DEF BENEFIT PENSION

PBGC Trusteed Plan · Case 12457501

The JACOBSON HOME FURNISHING INC. DEF BENEFIT PENSION, a single-employer defined-benefit pension plan sponsored by JACOBSON HOME FURNISHINGS INC of CANTON, OH, was terminated on 1987-03-15 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 1990-12-06. At the date of termination the plan had 21 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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