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PATTERSON PARCHMENT CO HOURLY PLAN

PBGC Trusteed Plan · Case 304200

The PATTERSON PARCHMENT CO HOURLY PLAN, a single-employer defined-benefit pension plan sponsored by PATERSON PARCHMENT PAPER CO of BRISTOL, PA, was terminated on 1975-02-28 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 1976-08-30. At the date of termination the plan had 256 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.

Other plans from the same sponsor

PlanTerminatedParticipants
PATTERSON PARCHMENT PAPER COMPANY SALARIED PLAN1975-02-2863

All plans sponsored by EIN 230945133. Full sponsor profile →

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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