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DAVIS BRAKE BEAM COLLECTIVE BARGAINING EMPL PEN PL

PBGC Trusteed Plan · Case 12529201

The DAVIS BRAKE BEAM COLLECTIVE BARGAINING EMPL PEN PL, a single-employer defined-benefit pension plan sponsored by DAVIS BRAKE BEAM COMPANY of JOHNSTOWN, PA, was terminated on 1989-07-06 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 1991-11-12. At the date of termination the plan had 13 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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