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PBGC Trusteed Plan · Case 20546400
The VARIG BRAZILIAN AIRLINES RETIREMENT PLAN FOR EMPLOYEES, a single-employer defined-benefit pension plan sponsored by VARIG, S. A. of VALLEY STREAM, NY, was terminated on 2007-02-28 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 2007-10-02. At the date of termination the plan had 417 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.
| Plan | Terminated | Participants |
|---|---|---|
| VARIG BRAZILIAN AIRLINES PL FOR SALARIED AND CERTAIN NON- REPRESENTED EMPLOYEES | 2007-02-28 | 372 |
All plans sponsored by EIN 131661285. Full sponsor profile →
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