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PBGC Trusteed Plan · Case 2821902
The REPUBLIC VAN LINES INC. PENSION PLAN, a single-employer defined-benefit pension plan sponsored by REPUBLIC VAN LINES INC of BALTIMORE, MD, was terminated on 1979-10-05 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 1981-10-27. At the date of termination the plan had 97 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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