Federal Data Hub › PBGC Trusteed Plans · JSON

EASTERN AIR LINES IAM MECHANICS PLAN

PBGC Trusteed Plan · Case 13072401

The EASTERN AIR LINES IAM MECHANICS PLAN, a single-employer defined-benefit pension plan sponsored by EASTERN AIR LINES INC of NEW YORK, NY, was terminated on 1990-10-05 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 1990-10-04. At the date of termination the plan had 16,339 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.

License: CC0 1.0 Universal. MORVS (AI Analytics LLC) is an independent republisher; corrections to corrections @ ai-analytics.org.