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PACIFIC FAR EAST LINES INC RETIREMENT PLAN

PBGC Trusteed Plan · Case 2388000

The PACIFIC FAR EAST LINES INC RETIREMENT PLAN, a single-employer defined-benefit pension plan sponsored by PACIFIC FAR EAST LINE INC of SAN FRANCISCO, CA, was terminated on 1978-08-31 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 1979-01-31. At the date of termination the plan had 230 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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