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PBGC Trusteed Plan · Case 3109200
The STEVENS PAPER MILLS, INC SALARIED PENSION PLAN, a single-employer defined-benefit pension plan sponsored by STEVENS PAPER MILLS, INC of WESTFIELD, MA, was terminated on 1980-04-07 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 1980-08-13. At the date of termination the plan had 28 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 |
|---|---|---|
| STEVENS PAPER MILLS, INC PENSION PLAN PF 321 | 1980-04-07 | 167 |
All plans sponsored by EIN 60605434. Full sponsor profile →
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