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SPENCER FOODS INC MIAMI PRODUCTION

PBGC Trusteed Plan · Case 2392000

The SPENCER FOODS INC MIAMI PRODUCTION, a single-employer defined-benefit pension plan sponsored by DIRRS GOLD SEAL MEATS DIV OF SPENCER FOODS INC of MIAMI, FL, was terminated on 1978-10-28 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 1979-04-04. At the date of termination the plan had 147 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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