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BURNS CLINIC MEDICAL CTR RET INCOME PLAN

PBGC Trusteed Plan · Case 19418900

The BURNS CLINIC MEDICAL CTR RET INCOME PLAN, a single-employer defined-benefit pension plan sponsored by BURNS CLINIC MEDICAL CTR of PETOSKEY, MI, was terminated on 2000-12-31 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 2002-08-13. At the date of termination the plan had 580 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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