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PENSION AGREEMENT BETWEEN DWYER PRODUCTS CORP AND UNITED STEEL WORKERS

PBGC Trusteed Plan · Case 22236900

The PENSION AGREEMENT BETWEEN DWYER PRODUCTS CORP AND UNITED STEEL WORKERS, a single-employer defined-benefit pension plan sponsored by DWYER PRODUCTS CORPORATION of WOOD DALE, IL, was terminated on 2012-12-05 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 2013-11-18. At the date of termination the plan had 38 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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