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VALLEY CITY STEEL CO.UNITED STEELWORKERS OF AMERICA PENSION

PBGC Trusteed Plan · Case 19901500

The VALLEY CITY STEEL CO.UNITED STEELWORKERS OF AMERICA PENSION, a single-employer defined-benefit pension plan sponsored by VALLEY CITY STEEL CO. of VALLEY CITY, OH, was terminated on 2003-06-30 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 2007-08-01. At the date of termination the plan had 100 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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