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STERLING PACKAGING CORP. RP FOR BARG. EE GA 4-8625

PBGC Trusteed Plan · Case 19598300

The STERLING PACKAGING CORP. RP FOR BARG. EE GA 4-8625, a single-employer defined-benefit pension plan sponsored by STERLING LEBANON PACKAGING CORP. of JEANNETTE, PA, was terminated on 2001-07-31 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 2003-08-14. At the date of termination the plan had 140 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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