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ROYAL ELEC INC RET SAL EES PL

PBGC Trusteed Plan · Case 14342701

The ROYAL ELEC INC RET SAL EES PL, a single-employer defined-benefit pension plan sponsored by ROYAL ELECTRIC,INC SALARIED of NEW YORK, NY, was terminated on 1991-12-31 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 1997-09-09. At the date of termination the plan had 143 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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