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TAYLOR & GASKIN AFL-CIO LOC UN 1297 PENS AGRMNT

PBGC Trusteed Plan · Case 190900

The TAYLOR & GASKIN AFL-CIO LOC UN 1297 PENS AGRMNT, a single-employer defined-benefit pension plan sponsored by TAYLOR AND GASKIN INC of ST CLAIR SHORES, MI, was terminated on 1975-03-31 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 1979-06-27. At the date of termination the plan had 22 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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