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PBGC Trusteed Plan · Case 2626400
The JAEGER MACHINE CO SALARIED EMPLOYEES PENSION, a single-employer defined-benefit pension plan sponsored by JAEGER MACHINE CO of COLUMBUS, OH, was terminated on 1979-03-31 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 1979-05-31. At the date of termination the plan had 74 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.
| Plan | Terminated | Participants |
|---|---|---|
| JAEGER MACHINE CO AND UNITED STEELWORKERS | 1979-03-31 | 283 |
| JAEGER MACHINE CO UNION MOLDERS AND ALLIED WORKERS | 1979-03-31 | 13 |
All plans sponsored by EIN 314217390. Full sponsor profile →
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