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RETIREMENT PLAN OF THE INTERNATIONAL LEATHER GOODS, PLASTICS & NOVELTY WORKERS' UNION

PBGC Trusteed Plan · Case 18834100

The RETIREMENT PLAN OF THE INTERNATIONAL LEATHER GOODS, PLASTICS & NOVELTY WORKERS' UNION, a single-employer defined-benefit pension plan sponsored by INTERNATIONAL LEATHER GOODS, PLASTICS NOVELTY of NEW YORK, NY, was terminated on 2000-10-04 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 2000-11-08. At the date of termination the plan had 43 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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