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BUFFALO BRAKE BEAM COMPANY RETIREMENT PLAN FOR HOURLY-PAID EMPLOYEES

PBGC Trusteed Plan · Case 21261300

The BUFFALO BRAKE BEAM COMPANY RETIREMENT PLAN FOR HOURLY-PAID EMPLOYEES, a single-employer defined-benefit pension plan sponsored by RIGEL ENTERPRISES of YOUNGSTOWN, NY, was terminated on 2008-06-26 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 2009-09-03. At the date of termination the plan had 53 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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