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RETIREMENT INCOME PLAN FOR HOURLY EMPLOYEES OF COLONIAL RUBBER

PBGC Trusteed Plan · Case 22312600

The RETIREMENT INCOME PLAN FOR HOURLY EMPLOYEES OF COLONIAL RUBBER, a single-employer defined-benefit pension plan sponsored by COLONIAL RUBBER COMPANY of Ravenna, OH, was terminated on 2013-05-31 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 2013-10-18. At the date of termination the plan had 70 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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