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THE RET. PLAN FOR HRLY-PAID EES OF AMSPEC CHEM CORP

PBGC Trusteed Plan · Case 23156800

The THE RET. PLAN FOR HRLY-PAID EES OF AMSPEC CHEM CORP, a single-employer defined-benefit pension plan sponsored by AMSPEC CHEMICAL CORPORATION of Bear, DE, was terminated on 2017-09-30 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 2017-12-18. At the date of termination the plan had 43 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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