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CONSUMER PLASTICS DEFINED BENEFIT PLAN

PBGC Trusteed Plan · Case 15791201

The CONSUMER PLASTICS DEFINED BENEFIT PLAN, a single-employer defined-benefit pension plan sponsored by CPC REXCEL INC of LITCHFIELD, IL, was terminated on 1992-11-05 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 1995-07-31. At the date of termination the plan had 191 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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