Federal Data Hub › PBGC Trusteed Plans · JSON

CORUS BANKSHARES INC RETIREMENT INCOME PLAN AND TRUST

PBGC Trusteed Plan · Case 21517800

The CORUS BANKSHARES INC RETIREMENT INCOME PLAN AND TRUST, a single-employer defined-benefit pension plan sponsored by CORUS BANKSHARES INC of CHICAGO, IL, was terminated on 2011-09-30 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 2011-10-13. At the date of termination the plan had 585 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.

License: CC0 1.0 Universal. MORVS (AI Analytics LLC) is an independent republisher; corrections to corrections @ ai-analytics.org.