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NEW YORK CREDIT & FINANCIAL MGT. ASSOCIATION PENSION PLAN

PBGC Trusteed Plan · Case 17358600

The NEW YORK CREDIT & FINANCIAL MGT. ASSOCIATION PENSION PLAN, a single-employer defined-benefit pension plan sponsored by NY CREDIT & FIN. MANG ASSOC. of NEW YORK, NY, was terminated on 1995-12-31 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 2000-06-12. At the date of termination the plan had 24 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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