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PBGC Trusteed Plan · Case 24791900
The PETERSON, JOHNSON, & MURRAY, S.C. RETIREMENT PLAN, a single-employer defined-benefit pension plan sponsored by TRUSTEES OF PETERSON, JOHNSON & MUR of MILWAUKEE, WI, was terminated on 2023-09-30 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 2024-10-07. At the date of termination the plan had 42 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.
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