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PENSION PLAN FOR BARGAINING UNIT EMPLOYEES OF RETECH INC

PBGC Trusteed Plan · Case 21141300

The PENSION PLAN FOR BARGAINING UNIT EMPLOYEES OF RETECH INC, a single-employer defined-benefit pension plan sponsored by RETECH INC of GARLAND, TX, was terminated on 2007-10-01 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 2008-11-06. At the date of termination the plan had 69 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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