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DAMASCUS TANNING CO FLM JT BD LEATHER WKRS PENS FD

PBGC Trusteed Plan · Case 2030600

The DAMASCUS TANNING CO FLM JT BD LEATHER WKRS PENS FD, a single-employer defined-benefit pension plan sponsored by DAMASCUS TANNING CO HERBERT WEINSTEIN of CHICAGO, IL, was terminated on 1978-01-02 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 1981-01-22. At the date of termination the plan had 64 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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