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CASH BALANCE RETIREMENT PLAN FOR EMPLOYEES OF SOUND SHORE MEDICAL CENTER OF WESCHESTER

PBGC Trusteed Plan · Case 19877200

The CASH BALANCE RETIREMENT PLAN FOR EMPLOYEES OF SOUND SHORE MEDICAL CENTER OF WESCHESTER, a single-employer defined-benefit pension plan sponsored by SOUND SHORE MED CENTER OF WESTCHESTER of NEW ROCHELLE, NY, was terminated on 2003-12-31 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 2004-03-31. At the date of termination the plan had 1,356 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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