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PBGC Trusteed Plan · Case 20897700
The POLYMERS, INC. RESTATED PENSION PLAN, a single-employer defined-benefit pension plan sponsored by SPECIALTY FILAMENTS INC. of BURLINGTON, VT, was terminated on 2007-01-11 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 2007-05-30. At the date of termination the plan had 374 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 |
|---|---|---|
| RETIREMENT PLAN FOR UNION EES OF E.B. & A.C. WHITING CO. | 2007-01-11 | 70 |
All plans sponsored by EIN 460490119. Full sponsor profile →
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