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PBGC Trusteed Plan · Case 13072501
The EASTERN AIR LINES IAM SECURITY GUARDS PLAN, a single-employer defined-benefit pension plan sponsored by EASTERN AIR LINES INC. of MIAMI, FL, 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 102 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 |
|---|---|---|
| EASTERN AIR LINES PLAN NON CONTRACT EMPLOYEES | 1990-10-05 | 20,749 |
| EASTERN AIR LINES TWU FLIGHT ATTENDANTS PLAN | 1990-10-05 | 7,651 |
| EASTERN AIR LINES PILOTS PLAN | 1990-10-05 | 3,860 |
| EASTERN AIR LINES IAM DISPATCHERS | 1990-10-05 | 173 |
| EASTERN AIR LINES IAM MAINTENANCE INSTRUCTOR PLAN | 1990-10-05 | 64 |
All plans sponsored by EIN 130655310. Full sponsor profile →
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