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UNITED BROTHERHOOD OF CARPENTERS AND JOINERS

PBGC Trusteed Plan · Case 1487000

The UNITED BROTHERHOOD OF CARPENTERS AND JOINERS, a single-employer defined-benefit pension plan sponsored by GENERAL PLYWOOD CORP of NEW ALBANY, IN, was terminated on 1977-02-24 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 1978-10-25. At the date of termination the plan had 94 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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