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HIP OF NEW JERSEY STAFF EES RET PLAN & TRUST

PBGC Trusteed Plan · Case 18853400

The HIP OF NEW JERSEY STAFF EES RET PLAN & TRUST, a single-employer defined-benefit pension plan sponsored by HIP HEALTH of NORTH BRUNSWICK, NJ, was terminated on 1999-04-09 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 2000-03-21. At the date of termination the plan had 711 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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