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PENSION PLAN FOR EMPLOYEES OF THE PRINCETON CLUB OF NEW YORK

PBGC Trusteed Plan · Case 24365800

The PENSION PLAN FOR EMPLOYEES OF THE PRINCETON CLUB OF NEW YORK, a single-employer defined-benefit pension plan sponsored by THE PRINCETON CLUB OF NEW YORK of NEW YORK, NY, was terminated on 2021-10-31 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 2023-08-21. At the date of termination the plan had 57 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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