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PBGC Trusteed Plan · Case 16513300
The ROBINS PRINTING CO NONBARGINING EES RETIREMENT PL, a single-employer defined-benefit pension plan sponsored by ROBINS PRINTING COMPANY (A/K/A RW&J CORP.) of FARMINGTON, MI, was terminated on 1992-09-24 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 1996-07-02. At the date of termination the plan had 74 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.
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