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PBGC Trusteed Plan · Case 12602000
The JONES & LAMSON, a single-employer defined-benefit pension plan sponsored by JONES & LAMSON MACHINE CO of CHESHIRE, CT, was terminated on 1988-07-28 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 1992-11-18. At the date of termination the plan had 542 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.
| Plan | Terminated | Participants |
|---|---|---|
| WATERBURY FARRELL UNION PEN PLAN AGREEMENT | 1988-07-28 | 446 |
All plans sponsored by EIN 510283221. Full sponsor profile →
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