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BUCKEYE PRODUCTS BARGAINING UNIT RETIREMENT PLAN

PBGC Trusteed Plan · Case 15904600

The BUCKEYE PRODUCTS BARGAINING UNIT RETIREMENT PLAN, a single-employer defined-benefit pension plan sponsored by BUCKEYE PRODUCTS CORPORATION of ADRIAN, MI, was terminated on 1993-02-26 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 1997-05-28. At the date of termination the plan had 61 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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