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PERMAFLEX ROLLER TECHNOLOGY - SALISBURY UNION PENSION PLAN

PBGC Trusteed Plan · Case 22322100

The PERMAFLEX ROLLER TECHNOLOGY - SALISBURY UNION PENSION PLAN, a single-employer defined-benefit pension plan sponsored by PERMAFLEX ROLLER TECHNOLOGY - SALISBURY LLC of SALISBURY, NC, was terminated on 2012-07-31 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 2015-08-19. At the date of termination the plan had 26 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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