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PBGC Trusteed Plan · Case 21579400
The RIVERSIDE DIV-PENN TRAFFIC CO BARGAINING EMPLOYEE PENSION, a single-employer defined-benefit pension plan sponsored by THE PENN TRAFFIC COMPANY of SYRACUSE, NY, was terminated on 2010-01-25 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 2010-06-17. At the date of termination the plan had 2,793 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 |
|---|---|---|
| THE PENN TRAFFIC CO CASH BALANCE PENSION PLAN | 2004-01-21 | 9,100 |
| BIG BEAR RETIREMENT PLAN | 2010-01-25 | 628 |
| PENSION PLAN FOR BARGAINING EMPLOYEES OF EASTERN PENNSYLVANIA | 2010-01-25 | 193 |
All plans sponsored by EIN 250716800. Full sponsor profile →
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