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RETIREMENT PLAN FOR BARGAINING EMPLOYEES OF WORTHINGTON PRECISION

PBGC Trusteed Plan · Case 21903800

The RETIREMENT PLAN FOR BARGAINING EMPLOYEES OF WORTHINGTON PRECISION, a single-employer defined-benefit pension plan sponsored by WORTHINGTON PRECISION METALS, INC. of MENTOR, OH, was terminated on 2010-12-08 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 2012-02-09. At the date of termination the plan had 284 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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