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PBGC Trusteed Plan · Case 18747100
The GIANT MARKETS SAL EES PP, a single-employer defined-benefit pension plan sponsored by GIANT MARKETS, INC. of SCRANTON, PA, was terminated on 2000-07-01 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 2000-07-25. At the date of termination the plan had 8 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 |
|---|---|---|
| GIANT MARKETS, INC. EMPS PP | 2000-07-01 | 261 |
All plans sponsored by EIN 232121432. Full sponsor profile →
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