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PANTASOTE POLMERS LOC. 238 EE'S RP A/C 780972

PBGC Trusteed Plan · Case 19740900

The PANTASOTE POLMERS LOC. 238 EE'S RP A/C 780972, a single-employer defined-benefit pension plan sponsored by PANTASOTE POLMERS LOC. 283 of WEST PATERSON, NJ, was terminated on 1998-08-31 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 2003-10-15. At the date of termination the plan had 20 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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