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POLYCHEM CORP RP FOR HOURLY RATED EMPLOYEES

PBGC Trusteed Plan · Case 19863400

The POLYCHEM CORP RP FOR HOURLY RATED EMPLOYEES, a single-employer defined-benefit pension plan sponsored by POLYCHEM CORPORATION of 6531127, PA, was terminated on 2002-06-30 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 2005-07-08. At the date of termination the plan had 142 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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