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PEET PACKING CO NON-UNION EES PP

PBGC Trusteed Plan · Case 18783300

The PEET PACKING CO NON-UNION EES PP, a single-employer defined-benefit pension plan sponsored by PEET PACKING CO of BAY CITY, MI, was terminated on 1995-10-02 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 1999-02-23. At the date of termination the plan had 111 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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