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PP FOR HOURLY EMPLOYEES OF MOUNTAIN COALS CORP.

PBGC Trusteed Plan · Case 20222200

The PP FOR HOURLY EMPLOYEES OF MOUNTAIN COALS CORP., a single-employer defined-benefit pension plan sponsored by MOUNTAIN COALS CORPORATION of ASHLAND, KY, was terminated on 2004-08-19 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 2004-10-20. At the date of termination the plan had 264 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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