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NASSAU FEDERAL SAVINGS AND LOAN ASSN RET INCOME

PBGC Trusteed Plan · Case 15425501

The NASSAU FEDERAL SAVINGS AND LOAN ASSN RET INCOME, a single-employer defined-benefit pension plan sponsored by NASSAU FEDERAL SAVINGS AND LOAN ASSOCIATION RESOLUTION TRUST of VALLEY FORGE, PA, was terminated on 1990-11-16 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 1995-01-26. At the date of termination the plan had 58 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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