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PBGC Trusteed Plan · Case 16362200
The PITTSBURGH NIPPLE WORKS INC CHAMPION PIPE, a single-employer defined-benefit pension plan sponsored by NIGPP PITTSBURGH NIPPLE WORKS of PITTSBURGH, PA, was terminated on 1993-12-31 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 1996-09-11. At the date of termination the plan had 43 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.
| Plan | Terminated | Participants |
|---|---|---|
| PITTSBURGH NIPPLE WORKS INC RETIREMENT PLAN | 1993-09-02 | 27 |
| PITTSBURGH NIPPLE WORKS INC SALARIED | 1993-12-31 | 22 |
All plans sponsored by EIN 250919788. Full sponsor profile →
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