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PENSION PLAN OF BETHLEHEM STEEL CORPORATION

PBGC Trusteed Plan · Case 19660300

The PENSION PLAN OF BETHLEHEM STEEL CORPORATION, a single-employer defined-benefit pension plan sponsored by BETHLEHEM STEEL CORP. of BETHLEHEM, PA, was terminated on 2002-12-18 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 2003-04-30. At the date of termination the plan had 92,174 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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