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PBGC Trusteed Plan · Case 21087200
The THE LEHMAN BROTHERS, INC. PENSION PLAN FOR SALARIED EMPLOYEES, a single-employer defined-benefit pension plan sponsored by LEHMAN BROTHERS INC. of WASHINGTON, DC, was terminated on 2008-12-05 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 2009-11-06. At the date of termination the plan had 15 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 |
|---|---|---|
| PENSION PLAN FOR EMPLOYEES OF LEHMAN BROTHERS, INC. | 2008-12-05 | 38 |
All plans sponsored by EIN 60425070. Full sponsor profile →
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