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NATIONAL TEA CO LOCAL 738 EMPLOYEE'S RETIRE FUND

PBGC Trusteed Plan · Case 1383200

The NATIONAL TEA CO LOCAL 738 EMPLOYEE'S RETIRE FUND, a single-employer defined-benefit pension plan sponsored by LOCAL 738 I B OF T NATIONAL TEA CO EES RET PLAN of CHICAGO, IL, was terminated on 1976-12-31 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 1978-04-10. At the date of termination the plan had 280 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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