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PBGC Trusteed Plan · Case 19460600
The SHASTA PAPER CO. SAL. PP, a single-employer defined-benefit pension plan sponsored by SHASTA PAPER CO. of MendoraHeights, MN, was terminated on 2001-10-31 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 2002-09-19. At the date of termination the plan had 77 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.
| Plan | Terminated | Participants |
|---|---|---|
| SHASTA PAPER CO. INC. HRLY PP | 2001-10-31 | 402 |
All plans sponsored by EIN 943314111. Full sponsor profile →
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