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PBGC Trusteed Plan · Case 19636200
The PULP & PAPER OF AMERICA LLC RETIREMENT PLAN NO. 1 FOR HOURLY EMPLOYEES, a single-employer defined-benefit pension plan sponsored by PULP & PAPER OF AMERICA LLC of BERLIN, NH, was terminated on 2002-05-31 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 2003-02-12. At the date of termination the plan had 707 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 |
|---|---|---|
| PULP & PAPER OF AMERICA LLC RETIREMENT PLAN NO. 2 FOR HOURLY EMPLOYEES | 2002-05-31 | 26 |
All plans sponsored by EIN 113485021. Full sponsor profile →
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