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SHOE & LEATHER WKRS PENS FD - PHILLIP CLEMTEX CO.

PBGC Trusteed Plan · Case 18235800

The SHOE & LEATHER WKRS PENS FD - PHILLIP CLEMTEX CO., a single-employer defined-benefit pension plan sponsored by AMS INDUSTRIES - SHOE & LEATHER-CLEMTREX of DETROIT, MI, was terminated on 1986-05-01 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 1999-05-24. 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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