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LINCOLN LOUNGE INC.

PBGC Trusteed Plan · Case 20889100

The LINCOLN LOUNGE INC., a single-employer defined-benefit pension plan sponsored by LINCOLN LOUNGE INC. of EAST GREENWICH, RI, was terminated on 1998-08-31 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 2007-12-12. At the date of termination the plan had 23 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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