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WATSONTOWN FOUNDRY DIVISION OF SOMERSET CONS IND EE PP

PBGC Trusteed Plan · Case 22141500

The WATSONTOWN FOUNDRY DIVISION OF SOMERSET CONS IND EE PP, a single-employer defined-benefit pension plan sponsored by WYANO FOUNDRY DIVISION OF SOMERSET CONSOLIDATED INDUSTRIES I of SOMERSET, PA, was terminated on 2012-09-30 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 2014-05-01. At the date of termination the plan had 18 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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