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PENSION PLAN FOR HOURLY EMPLOYEES OF REVERE COPPER PRODUCTS, INC.

PBGC Trusteed Plan · Case 19781100

The PENSION PLAN FOR HOURLY EMPLOYEES OF REVERE COPPER PRODUCTS, INC., a single-employer defined-benefit pension plan sponsored by PENSION PLAN FOR HOURLY EMPLOYEES OF REVERE BRASS MILLS, INC of ROME, NY, was terminated on 2003-12-31 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 2008-12-09. At the date of termination the plan had 1,226 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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