Federal Data Hub › PBGC Trusteed Plans · JSON

GENERAL DEVELOPMENT CORP RETIREMENT PLAN

PBGC Trusteed Plan · Case 19535500

The GENERAL DEVELOPMENT CORP RETIREMENT PLAN, a single-employer defined-benefit pension plan sponsored by ATLANTIC GULF COMMUNITIES CORPORATION of SUNRISE, FL, was terminated on 2002-06-18 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 2003-12-30. At the date of termination the plan had 664 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.

License: CC0 1.0 Universal. MORVS (AI Analytics LLC) is an independent republisher; corrections to corrections @ ai-analytics.org.