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NORTHEASTERN ASSOCIATION OF THE BLIND EMPLOYEES RETIREMENT PLAN AND

PBGC Trusteed Plan · Case 24220400

The NORTHEASTERN ASSOCIATION OF THE BLIND EMPLOYEES RETIREMENT PLAN AND, a single-employer defined-benefit pension plan sponsored by NORTHEASTERN ASSOCIATION OF THE BLIND of ALBANY, NY, was terminated on 2021-02-15 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 2022-08-08. At the date of termination the plan had 92 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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