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STERLING LEBANON PACKAGING CORP HRLY RATE EES PENSION TRUST JONESTOWN

PBGC Trusteed Plan · Case 23794300

The STERLING LEBANON PACKAGING CORP HRLY RATE EES PENSION TRUST JONESTOWN, a single-employer defined-benefit pension plan sponsored by STERLING LEBANON PACKAGING LLC of Amagansett, NY, was terminated on 2019-05-31 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 2020-06-29. At the date of termination the plan had 115 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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