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PENSION AGREEMENT BETWEEN LOGANSPORT MACHINE COMPANY INC & INTL. ASSOC. OF MACHINISTS

PBGC Trusteed Plan · Case 24733900

The PENSION AGREEMENT BETWEEN LOGANSPORT MACHINE COMPANY INC & INTL. ASSOC. OF MACHINISTS, a single-employer defined-benefit pension plan sponsored by LOGANSPORT MACHINE COMPANY INC of LOGANSPORT, IN, was terminated on 2024-05-31 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 2025-06-02. At the date of termination the plan had 11 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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