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PICCADILLY CAFETERIAS INC PEN PLN

PBGC Trusteed Plan · Case 20054300

The PICCADILLY CAFETERIAS INC PEN PLN, a single-employer defined-benefit pension plan sponsored by PICCADILLY CAFETERIAS INC. of BATON ROUGE, LA, was terminated on 2004-02-13 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 2004-02-24. At the date of termination the plan had 6,700 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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