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PENSION PLAN OF THE BLOOD CENTER OF NEW JERSEY

PBGC Trusteed Plan · Case 22269600

The PENSION PLAN OF THE BLOOD CENTER OF NEW JERSEY, a single-employer defined-benefit pension plan sponsored by THE BLOOD CENTER OF NEW JERSEY of EAST ORANGE, NJ, was terminated on 2011-05-31 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 2013-09-09. At the date of termination the plan had 110 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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