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FINSERV COMPUTER CORPORATION EMPLOYEES RET.

PBGC Trusteed Plan · Case 12540601

The FINSERV COMPUTER CORPORATION EMPLOYEES RET., a single-employer defined-benefit pension plan sponsored by FINSERV EES RET PL SAL EES of ALBANY, NY, was terminated on 1990-04-06 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 1993-09-03. At the date of termination the plan had 49 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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