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AMERICAN MACHINING SPECIALTIES INC PENSION PLAN AND TRUST

PBGC Trusteed Plan · Case 20795700

The AMERICAN MACHINING SPECIALTIES INC PENSION PLAN AND TRUST, a single-employer defined-benefit pension plan sponsored by AMERICAN MACHINING SPECIALTIES INC of STERLING HEIGHTS, MI, was terminated on 2005-10-23 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 2006-11-01. At the date of termination the plan had 59 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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