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PBGC Trusteed Plan · Case 21503400
The RETIREMENT PLAN FOR BARGAINING EMPLOYEES OF DAILY SOUTHTOWN INC., a single-employer defined-benefit pension plan sponsored by MIDWEST SUBURBAN PUBLISHING INC. of TINLEY PARK, IL, was terminated on 2009-10-08 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 2010-08-04. At the date of termination the plan had 162 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 EMPLOYEES OF STAR PUBLICATIONS INC. | 2009-10-08 | 239 |
All plans sponsored by EIN 364251455. Full sponsor profile →
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