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DURASTEEL ABRASIVE CO EES RET PLAN

PBGC Trusteed Plan · Case 19033500

The DURASTEEL ABRASIVE CO EES RET PLAN, a single-employer defined-benefit pension plan sponsored by DURASTEEL ABRASIVE CO of MOUNT PLEASANT, PA, was terminated on 1999-06-11 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 2000-03-16. 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.

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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